Central Lakes Association of REALTORS® Report September Housing Statistics
The Central Lakes Association of REALTORS® (CLAR) President Vicki Sweeney, reported the latest real estate statistics for CLAR’s regional area.
“Inventory and days on market are both up throughout our regions. These factors, along with interest rates being the lowest they have been since December of 2022, make this an opportune time for new homebuyers to enter the market” said Vicki Sweeney, President of Central Lakes Association of REALTORS®.
“Home buyers should be encouraged to hear that the average selling price dropped for many areas in our jurisdiction from August to September of 2024 with only a minor increase for the other regions.”
In September 2024, the Durham Region reported an average price of $894,499, which was a decrease from both last month’s price of $907,977, and September of last year at $905,957.
Hastings Region saw a slight 2.7% increase in average price from $547,145 in September of 2023 to $561,986 in September 2024.
Similar to Durham, Kawartha Lakes Region also realized a decrease in average price month-over-month, as well as year-over-year with the average price of $702,866 in September 2024, down from $802,655 in September of 2023.
Peterborough Region experienced a modest, 4.64%, increase in price from August 2024 to September 2024 but a 3.7% decrease from September last year.
Prince Edward County had the largest year-over-year price increase in our jurisdiction, with an increased price of almost 25% year-over-year, the September average price in this region came in at $804,134.
CLAR Chief Executive Officer, Wendy Giroux commented, “In September 2024, the Government of Ontario announced several funding initiatives in our areas aimed at improving infrastructure, specifically $34 million for the Oshawa Water Supply Plan and $25 million for Cobourg’s wastewater system. These announcements are welcome news, as infrastructure is a key component needed for housing development and to assist with long-term sustainable growth for CLAR’s regions.”
For more information or to book an interview, please contact:
Savanna Howell
Communications Specialist
Central Lakes Association of REALTORS®
905-723-8184 ext. 212
BOARD & ASSOCIATION INFORMATION
We Work Where You Live. To contact a local Central Lakes REALTOR® for more specific and local housing statistics or search for a weekend open house or listings in your neighbourhood, please visit https://www.clar-mls.ca/
Central Lakes Association of REALTORS
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For more information,
please contact:
(905) 723-8184
Vicki Sweeny
