KAWARTHA LAKES – Home sales recorded through the MLS® System of the Kawartha Lakes Real Estate Association Inc. came in well above year-ago levels in May 2015.
Residential sales numbered 189 units in May 2015, rising 18.1 per cent from May 2014. This was the highest monthly sales figure ever posted.
On a year-to-date basis, home sales were running 26.8 per cent ahead of the first five months of 2014. This was the best figure for the period since 2004 and the third best on record.
New residential listings on the Association’s MLS® System totaled 310 units in May 2015, down 9.4 per cent on a year-over-year basis.
There were 661 active residential listings on the Association’s MLS® System at the end of May 2015, dropping 16.8 per cent from May 2014.
There were 3.5 months of inventory at the end of May 2015, down from five months reported at the same time last year and below 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.