Higher Demand & Lack of Inventory Continues to Increase Sales Prices in the Kawartha Lakes Region   The MLS System of the Kawartha Lakes Real Estate Association Inc. reported:   51 homes sold in December 2021. Compared to December 2020. - 27.1% decline   Year-over-year, Home Price Index (HPI) composite/single-family benchmark in December 2021 was $679,600. - 39.1% increase   What Is Happening?   Lack of inventory of... [read more]

    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]

  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]

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]

  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]