In the latest real estate report from the Central Lakes Association of REALTORS® (CLAR), Northumberland County stood out with a 5.6% increase in transactions compared to last year.
March 2024 saw 132 transactions, with the average price rising slightly to $717,908.
“Market conditions have shown improvement over the past quarter, with homeowners seemingly anticipating a positive shift in the spring market, evidenced by the significant increase in transactions and new listings so far this year,” stated CLAR President Vicki Sweeney. “Another contributing factor is the Bank of Canada’s decision to hold interest rates.”
Across all regions, transaction volumes rose month-over-month.
Durham Region held steady with 859 transactions, while Kawartha Lakes experienced a 6.9% increase in transactions.
Peterborough reported 155 transactions, and Prince Edward County saw an 11% jump.
“We are pleased to note the Government of Ontario’s budget, which includes a $190 billion investment in building more homes, infrastructure, and transit across the province. While a step in the right direction, it’s imperative that we continue to advocate all levels of government to keep housing a priority,” stated CLAR CEO Wendy Giroux.
(Written by: Joseph Goden)
