Barrie Home Sales Activity Reaches Highest June On Record

MLS® home sales activity reached the highest level ever for the month of June in the area served by the Barrie District Association of REALTORS® Inc.

According to statistics provided by the Barrie and District Association of Realtors, MLS® home sales activity totalled 572 units in June 2009. This is also the second-highest level for monthly sales activity ever.  Up 19 per cent from a year earlier, June 2009 marked the first year-over-year increase in 16 months.

Sales activity was also up 13 per cent in June 2009 compared to the previous month making it the largest increase in sales activity between these two months in over a decade. This lifted seasonally adjusted sales activity by four per cent in June compared to May (seasonal adjustment removes normal seasonal fluctuations).  Seasonally adjusted sales activity in June 2009 stood 69 per cent above the recent low recorded in January 2009.

The total dollar value of MLS® residential property sales amounted to $154.7 million in June 2009, 21 per cent above year-ago levels.

Total MLS® sales activity in the Barrie region numbered 585 units in June, rising 19 per cent year-over-year. The total value of all MLS® properties sold in June 2009 was $157.1 million, 21 per cent above levels in June 2008.

The year-to-date MLS® residential average price for home sales in the first half of 2009 was $261,854. This is one per cent below the average value in the same period last year.

New residential listings numbered 733 units in June 2009, down 11 per cent from one year earlier and the third year-over-year decline in as many months.

The number of active residential listings on the Association’s MLS® system fell 10 per cent from year-ago levels to 1,909 units at the end of June 2009. This is the second consecutive decline, and the largest in 17 months. The number of months of inventory (calculated by dividing the number of active listings by sales) in June stood at 3.3 months, the lowest level since November 2007.

Source: Barrie and District Association of Realtors

For more information about the Barrie Real Estate Market please contact Peter Clarke, Broker of Record/Owner at ELITE ACCESS REALTY INC., Real Estate Brokerage. www.BarrieProperties.com