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Tuesday, 18 October 2016 18:56

Kawartha Lakes home listings lowest in 1/4 century

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            New residential listings in the Kawartha Lakes Real Estate Association’s multiple-listing system totaled 128 units in September—which is down 37 percent from last year.

            It’s the lowest level for new listings in September in more than 25 years.

            Overall supply is currently running near

record lows. There were just 234 active residential listings on the system at the end of September, dropping 58.4 per cent from 2015.

            Nonetheless, home sales through the Association’s MLS system remained strong in September, only slightly below last year’s record levels and still the second best September ever, with just four sales less than the record for the month.

            Agents sold 146 units, which is only a three percent decrease from last year.

            Some 1,348 homes have traded hands in the first nine months of this year, which is an increase of 5.7 percent from 2015 to ‘16. It looks like 2016 will set a new annual record.

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