It's that time again! Are you curious to know how things have changed in the Peterborough and surrounding area's real estate market since last month this time.
Please click on the link below to review the updated real estate statistics for the month of December 2009 in the Peterborough and Kawarthas Association of REALTORS® Board (PKAR).
To highlight a few points...
Where we seem to be suffering in the Peterborough real estate market is inventory:
-This time last year (Dec., 2008) we had a total of 1,742 active listings on the sytem in the month of December. This year (Dec., 2009) we currently have 1229 active listings - a decrease of 29.4%
Our average days on the market currently sits at on average 70 days versus the 63 days of average market time last year (Dec., 2008) this time.
On a positive note, the number of sales on the year (from January 1, 2009 to December 31, 2009) was UP with a total of 2863 sales this year (2009) versus 2820; an total increase in sales of 1.5%
The average sale price has also increased from $232,007 last year (2008) to $233,068 this year (2009).
For more detailed information, please click HERE
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