Home Sales Declining in May

Monday Jun 13th, 2022

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  The Kawartha Real Estate Association reported the following for May 2022. See the report below...     Home Sales Down - New Listings Up   The number of homes sold through the MLS® System of the Kawartha Lakes Real Estate Association totaled 109 units in May 2022. This was a major decline of 35.5% from May 2021.    Home sales were down 9.2% below the five-year average and 22.1% below the 10-year average for the month of... [read more]

What Will Happen For The Remainder of 2022?

Wednesday Apr 20th, 2022

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The Kawartha Real Estate Association reported the following for March 2022. See the report below...   The MLS System of the Kawartha Lakes Real Estate Association Inc. reported:   Home sales remained above average despite lack of inventory and supply.   The Kawartha Lakes Real Estate Association reported 120 homes sold in March 2022 which was a decline of 33.3% from March 2021.   Despite the decrease, home sales in March were still 9.6% above the... [read more]

Kawartha: The Top 3 Reasons Why Kawartha Lakes Property Values Continue to Rise!

Sunday Nov 14th, 2021

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  1. Shortage of Inventory   According to The Kawartha Lakes Real Estate Association (KLREA), from September 2020 to September 2021, active residential listings have seen a 22.5% decrease to only 134 properties.    This is an all-time low in September for more than three decades!    Due to the low supply of inventory, prices are rising sharply. In September 2021, the single-family benchmark price was $620,700, presenting a 33.1% increase... [read more]

A Supply Shock is Here!

Tuesday Feb 22nd, 2022

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  In the first month of 2022, we saw continued supply shortages.   New listings reached an all-time low in more than four decades in the month of January as it saw a decline of 46.2% to 49 listings.    This caused active residential listings to drop a staggering 63.5% to only 27 units, making it the lowest in the month of January in more than three decades.   Meanwhile, the demand for homes in the Kawartha Lakes was pursued as the MLS® Home... [read more]

Kawartha: Will High Demand Continue In 2022?

Friday Dec 10th, 2021

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    Property Values Soaring in The Kawarthas!    Year-over-year, the Kawartha Lakes Real Estate Association reported the overall MLS Home Price Index (HPI) composite/single-family benchmark in November 2021 was $658,700, an increase of 33.9% from November 2020.   The MLS Home Price Index (HPI) tracks price trends far more accurately than is possible using averages or median price measures.   There are two main reasons for the rise... [read more]

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