Kawartha Lakes Real Estate Association Inc. MLS® home sales post average June as supply levels continue to fall
The number of homes sold through the MLS® System of the Kawartha Lakes Real Estate Association Inc. totaled 164 units in June 2021. This was essentially unchanged, up just 0.6% (one sale) from June 2020.
Home sales were 10.4% above the five-year average and 0.2% above the 10-year average for the month of June.
On a year-to-date basis, home sales totaled a record 934 units over the first six months of the year. This was a jump of 68.3% from the same period in 2020.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite/single-family benchmark price was $621,000 in June 2021, a jump of 44.4% compared to June 2020.
The dollar value of all home sales in June 2021 was $112.6 million, up sharply by 32.8% from the same month in 2020. This was also a new record for the month of June.
The number of new listings saw a decrease of 6.4% (15 listings) from June 2020. There were 220 new residential listings in June 2021. This was the lowest number of new listings added in the month of June in more than 15 years.
New listings were 5.4% below the five-year average and 14% below the 10-year average for the month of June.
Active residential listings numbered 167 units on the market at the end of June, a big decline of 43.4% from the end of June 2020. Active listings haven't been this low in the month of June in more than three decades.
Active listings were 52.8% below the five-year average and 69.4% below the 10-year average for the month of June.
Months of inventory numbered 1 at the end of June 2021, down from the 1.8 months recorded at the end of June 2020 and below the long-run average of 3.4 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
BOARD & ASSOCIATION INFORMATION
Serving the City of Kawartha Lakes since 1958, the Kawartha Lakes Real Estate Association Inc. supports its REALTOR® members with a local Multiple Listing Service®, ongoing professional education and an effective government relations program. Our REALTOR® members are actively supporting our local charities, offer the highest level of service and have agreed to abide by a strict professional Code of Ethics.
KAWARTHA LAKES REAL ESTATE ASSOCIATION