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.

Vicki Sweeney, CLAR President, stated “Almost all of our regions are experiencing an increase in sales compared to July 2023. However, there is a moderate month-over-month decrease in sales in most areas, with active listings on the rise. Although the Bank of Canada has reduced the interest rate, it appears buyers are waiting for further cuts.”

In July of 2024 Durham Region reported 779 sales with an average price of $915,636. The number of sales increased 1.8% while the average price declined compared to July 2023 which saw 753 sales with an average price of $961,666.

Hastings Region saw a 21% increase in sales, rising from 146 in July 2023 to 177 in July 2024, with an average price of $552,543. Active listings increased by 21%, from 652 to 788 over the same period.

Kawartha Lakes experienced a 3.2% increase in average price from, $794,214 in July 2023 to $819,884 in July 2024. The number of sales slightly decreased from 99 to 93 over the same time frame.

Northumberland County reported a 46% increase in sales, with 111 transactions in July 2024 compared to 76 in July 2023. The average price decreased by 2.7%, from $754,547 to $734,111.

Peterborough Region observed a 54% increase in sales, from 114 in July 2023 to 173 in July 2024, with an average price of $711,293. Active listings increased by 66%, from 409 to 678 over the same period.

Prince Edward County experienced a 10.4% increase in average price, rising from $759,570 in July 2023 to $838,686 in July of 2024. Number of sales slightly decreased from 33 to 29 over the same time frame.

“Donations of personal giving have decreased by 5% annually, amounting to a loss of $3 billion each year for not-for-profits. Our local charities need our support now more than ever. At CLAR, we are committed to finding fun and engaging ways to raise funds for our community,” said Wendy Giroux, Chief Executive Officer of CLAR. “We are looking forward to our next charity golf tournament on Thursday, August 8th, at Timber Ridge Golf Course in Brighton, supporting Gleaners Food Bank and Northumberland Food 4 All.”

For more information or to book an interview, please contact:

Savanna Howell

Communications Specialist

Central Lakes Association of REALTORS®

Communications@CLAR-MLS.ca 905-723-8184 ext. 212