What Will Happen For The Remainder of 2022?

Wednesday Apr 20th, 2022


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 10-year average.


There were 89 active residential listings, marking a 28.2% reduction from March 2021. This makes it the lowest in the month of March in more than three decades!


This was a result of new listings declining 31.5% from March 2021 for new residential listings. 


Single Detached Homes - The median sale price posted a large increase of 35.8% on a year-over-year basis to reach $850,000 in the first quarter of 2022. This was a new record for the median sale price. 


For more information on this month's stats, visit: https://creastats.crea.ca/board/kawa

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