Kawartha Lakes home sales post best November in more than a decade
Home sales recorded through the MLS® System of the Kawartha Lakes Real Estate Association Inc. came in above year-ago levels in November 2014.
Residential sales numbered 89 units in November 2014, an increase of 9.9 per cent compared to November 2013. November’s sales figure was the highest for the month since 2001, and stands just eight sales below the all-time November record.
On a year-to-date basis home sales were running 0.7 per cent ahead of the same period in 2013 and are on track for the best annual total in in seven years.
New residential listings on the Association’s MLS® System totalled 114 units in November 2014, up 3.6 per cent on a year-over-year basis.
There were 451 active residential listings on the Association’s MLS® System at the end of November, down 3.8 per cent from a year earlier.
There were 5.1 months of inventory at the end of November 2014, down from 5.8 months reported at the same time last year and below with the long-run average for this time of the 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.