Kawartha Lakes home sales post one of the best Decembers on record
Residential home sales recorded through the MLS® system for the Kawartha Lakes Real Estate Association Inc. totaled 75 units in December 2019. This was up 8.7% (six sales) from December 2018 and was just two transactions shy of the December record first reached in 2012 and again in 2015.
On an annual basis, home sales totalled 1,408 units over the course of 2019, up 8% from the same period in 2018 but still below all other years going back two decades.
There were 59 new residential listings in December 2019. This was down 3.3% (two listings) on a year-over-year basis and was well below average for the month.
Active residential listings numbered 247 units at the end of December, down 5.4% (14 listings) from the end of December 2018. This is also historically low.
Months of inventory numbered 3.3 at the end of December 2019, down from the 3.8 months recorded at the end of December 2018 and well below the long-run average of 10.4 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.
