Sales activity cools in June 2010
Barrie residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. came in well below last year’s record levels in June 2010.
Barrie Home sales numbered 461 units in June 2010, down 19 per cent from the record in the same month in last year. On a year-to-date basis, however, activity was still up 12 per cent compared to the first six months of 2009.
New Barrie listings rose five per cent from a year earlier to 767 units in June. While still up, the gain was considerably smaller than in the previous four months. This was reflected in the seasonally adjusted figure, which posted a third straight month-over-month decline in June.
The average price for Barrie homes sold via the Association’s MLS® System in the first half of the year was $280,013, up seven per cent from the same period last year.
The total dollar value of all Barrie home sales amounted to $131.6 million in June 2010, 15 per cent below year-ago levels.
Total Barrie region home sales activity numbered 472 units in June, down 19 per cent on a year-over-year basis. The total value of all properties sold in June 2010 was $133.3 million, a decrease of 15 per cent from June 2009.
The number of active Barrie residential listings on the Association’s MLS® System rose four per cent on a year-over-year basis to 1,987 units at the end of June 2010.
There were 4.3 months of inventory at the end of June 2010, up from 3.3 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.
If you have any questions regarding the Barrie Real Estate Market please contact us at 705-716-7611 or go to www.BarrieProperties.com.
ELITE ACCESS REALTY INC.
Barrie Real Estate Brokerage
705-737-2750
www.BarrieProperties.com
Information provided by:
The Barrie and District Association of REALTORS® Inc.