Kawartha Lakes home sales up year-over-year in February
Residential home sales recorded through the MLS® system for the Kawartha Lakes Real Estate Association Inc. totaled 77 units in February 2020. This was an increase of 22.2% (14 sales) from February 2019.
On a year-to-date basis, home sales totalled 139 units over the first two months of the year, up 8.6% (11 sales) from the same period in 2019.
There were 156 new residential listings in February 2020. This was an increase of 15.6% on a year-over-year basis.
By contrast, active residential listings numbered 292 units at the end of February, a decrease of 10.2% from the end of February 2019.
Months of inventory numbered 3.8 at the end of February 2020, down from the 5.2 months recorded at the end of February 2019 and below the 10-year average of 5.8 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.