Barrie Home sales down in May 2010
Barrie's residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. were down from year-ago levels for the first time in a year in May 2010.
The average price for Barrie homes sold via the Association’s MLS® System in the first five months of the year 2010 was $278,708. This is up eight per cent from the year-to-date average price last May, and represents the highest average price for this period on record.
The total dollar value of all Barrie home sales amounted to $124.8 million in May 2010, 10 per cent below year-ago levels.
Total sales activity in the Barrie region numbered 451 units in May 2010, down 12 per cent on a year-over-year basis. The total value of all properties sold in May 2010 was $127.7 million, a decrease of 10 per cent from May 2009.
New Barrie listings were up for a fourth consecutive month in May, although the increase was much smaller than in the previous three months. New Barrie residential listings numbered 853 units in May 2010, up five per cent year-over-year.
The number of active Barrie residential listings on the Association’s MLS® System edged up one per cent on a year-over-year basis to 2,110 units at the end of May 2010. This is the first increase in 13 months.
There were 4.8 months of inventory at the end of May 2010, up from 4.1 months one year earlier. 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.
Information provided by The Barrie and District Association of REALTORS® Inc.
For more information regarding the Barrie Real Estate Market call Peter Clarke, Broker of Record/Owner OF ELITE ACCESS REALTY INC. at 705-716-7611 or visit our website www.BarrieProperties.com.