Barrie & area MLS® home sales climb higher in November

The following was provided by The Barrie and District Association of REALTORS® Inc.:

MLS® home sales activity in the area served by the Barrie District Association of REALTORS® Inc. continued to climb in November 2009. The current strength of demand stands in sharp contrast to the weak activity levels of one year ago.

According to statistics provided by the Association, MLS® residential sales totalled 329 units in November 2009, more than double the level of activity in the same month last year. The large year-over-year gain reflects the extent to which demand has recovered from one year ago, when news of the global financial crisis hammered consumer confidence.

On a seasonally adjusted basis, MLS® sales were up three per cent month-over-month in November 2009, reaching the fourth highest level on record (seasonal adjustment removes normal seasonal fluctuations).

“November was another strong month for sales activity,” said Wendy Elzner, President of the Barrie and District Association of REALTORS®.The difference in the resale housing market now, compared to one year ago, is night and day.”

The total dollar value of all MLS® home sales amounted to $86.9 million in November 2009, up 110 per cent from levels reported one year ago.

Total MLS® sales activity in the Barrie region numbered 338 units in November, up 102 per cent year-over-year. The total value of all MLS® properties sold in November 2009 was $88 million, an increase of 103 per cent from November 2008.

The year-to-date average price for homes sold via the Association’s MLS® system in November was $280,112, up three per cent from one year ago.

New residential listings numbered 431 units in November 2009, down five per cent year-over-year. This is the eighth consecutive month in which new listings have declined from year-ago levels.

The number of active residential listings on the Association’s MLS® system dropped 25 per cent from a year earlier to 1,507 units at the end of November 2009. This is the seventh consecutive month in which active listings have declined from year-ago levels, and the largest year-over-year decrease in a decade.

The Barrie and District Association of REALTORS® Inc. covers a geographical area that includes the City of Barrie and part or all of the surrounding townships, including Springwater, Oro-Medonte, Innisfil, Essa, Bradford-West Gwillimbury and Clearview. The Association provides continuing education, Multiple Listing Service® (MLS®), statistical information, and many other services to its members.

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