MLS® HOME SALES ACTIVITY RISES TO SEPTEMBER 2009 RECORD
MLS® home sales activity reached the highest level ever for the month of September in the area served by the Barrie District Association of REALTORS® Inc. Improving demand and fewer new listings continue to draw down inventories.
According to statistics provided by the Association, MLS® home sales activity totalled 422 units in September 2009. This is a 20 per cent jump year-over-year, and represents the fourth consecutive increase from year-ago levels.
Sales activity was up seven per cent in September from the previous month, the largest increase over this period in six years. The larger than normal monthly increase resulted in a monthly increase of eight per cent in seasonally adjusted sales activity (seasonal adjustment removes normal seasonal fluctuations). Seasonally adjusted activity in September stood 79 per cent above the low in January.
The total dollar value of all MLS® home sales amounted to $113.8 million in September 2009, 24 per cent above year-ago levels. This is the largest increase in dollar volume almost two years.
The average price for homes sold in September was $269,755, up 3.5 per cent from one year ago.
New residential listings numbered 658 units in September 2009, down 10 per cent year-over-year. This is the sixth consecutive month in which the number of new listings is down from year-ago levels.
The number of active residential listings on the Association’s MLS® system declined 18 per cent year-over-year to 1,830 units at the end of September 2009. This is the fourth double-digit decline in as many months, and the fifth consecutive month in which active listings have dropped from year-ago levels.
Information provided by “The Barrie and District Association of REALTORS® Inc”. 2009.
For more information regarding the Barrie Real Estate Market please contact Peter and Patricia Clarke, Barrie REALTORS® at:
Thanks,
--
Peter & Patricia Clarke
Broker of Record/Owner - Real Estate Sales Representative/Owner
ELITE ACCESS REALTY INC.
Barrie Real Estate Brokerage
Direct: 705-796-7211
Office: 705-737-2750 Ext 703
Toll Free: 1-977-795-6448 Ext 703
www.Barrieproperties.com
Your Home is our Business!