Central Lakes Association of REALTORS®

The Central Lakes Association of REALTORS® (CLAR) President Vicki Sweeney, reported the latest real estate statistics for CLAR’s regional area.

"As is typical for the holiday season, we observed a decrease in the number of sales across all our regions compared to the previous month,” said CLAR President Vicki Sweeney. “However, both new and active listings saw month-over-month increases in all areas. With the interest rate cuts implemented in the latter half of the year and the introduction of new mortgage rules in Canada, we’re beginning to see more individuals enter the market.” In Durham Region, 404 sales were reported in December 2024, with an average price of $930,207. While this represents an 8% increase in average price compared to December 2023, the number of sales decreased by 13% from 464 sales in the same period last year.

Hastings County recorded an average price of $503,154 with 64 sales in December 2024. Both the average price and the number of sales declined compared to December 2023, which saw 95 sales and an average price of $521,903. However, active listings in Hastings County surged by 93% year-over-year.

Kawartha Lakes experienced a significant 67% increase in the number of sales, rising from 40 in December 2023 to 67 in December 2024. Despite this increase, the average price decreased from $739,395 to $668,358 during the same timeframe.

Northumberland County reported 68 sales in December 2024, marking a 33% increase from 51 sales in December 2023. The average price also rose by 5%, climbing from $680,374 to $712,432 over the same period.

Peterborough saw modest growth in sales, with the number rising from 80 in December 2023 to 85 in December 2024. The average price increased by 11%, from $602,630 to $671,214 over the same period.

Prince Edward County reported an 8.2% increase in average price, from $675,773 in December 2023 to $731,634 in December 2024. The number of sales remained relatively stable, decreasing slightly from 21 to 20.

Reflecting on the past year, CLAR Chief Executive Officer Wendy Giroux shared her thoughts on the Association’s progress and the opportunities ahead. “This past year has been transformative for our Association, characterized by growth, collaboration, and a renewed focus on supporting our members and their communities. As we enter 2025, we remain committed to fostering excellence in real estate and driving positive change in the industry. Wishing everyone a successful and prosperous New Year!”

See the December statistics here.