A Supply Shock is Here!
Tuesday Feb 22nd, 2022
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 Price Index composite/single-family benchmark price was $693,100, resulting in a 40.1% increase from last year.
*The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.
Please note the content provided is for general information purposes only and does not constitute legal or other professional advice of any kind. January 2021 calculations are based on information received from CREA.