Home Sales Activity - Parry Sound

We just received this information from the Canadian Real Estate Association.

Home sales activity stabilizing

 

The number of homes sold through the MLS® System of the Parry Sound Real Estate Board in September 2010 came in well below last year’s record for the month, but edged up on a seasonally adjusted month-over-month basis for the second consecutive month.

 

According to statistics provided by the Board, residential sales numbered 39 units in September 2010. This is 34 per cent below the record September last year, but stands on par with September levels in the previous three years. Seasonally adjusted sales rose three per cent on a month-over-month basis, following a similar sized gain in August.

 

“The market is stabilizing, but year-over-year comparisons continue to reflect last year’s volatility,” said Shirlene Johnston, President of the Parry Sound Real Estate Board.

 

The number of new residential listings on the Board’s MLS® System was up 17 per cent from year-ago levels to 11 units in September. Active residential listings numbered 614 units at the end of September, up 13 per cent from the same month last year.

 

There were 15.7 months of inventory at the end of August 2010, up from 9.2 months at the same time last year, but still slightly below 2008 levels. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

 

The Parry Sound Real Estate Board is committed to a high standard of business practice, strong business ethics, and continuing education development that assists REALTORS® in effectively serving the real estate needs of the community. With approximately 100 Members, its REALTORS® service a large geographical area, extending from the French River to the north, southerly to Go Home Lake Road, easterly to the Highway 11 corridor, and westerly which includes the shores of Georgian Bay.

Dan Payerl

Dan Payerl

Broker of Record
CENTURY 21 Granite Properties Ltd., Brokerage*
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