Lindsay Real Estate Market
A total of approximately 50,270 homes were traded by the Multiple Listing Service of Canada real estate in July 2009. These trades were up 18.2% from July 2008 and 3.9% above a previous record that was set back in July 2007.
The month of July 2009 also reflected climbing levels of 2.5% from June 2009 which reflected a total of 42, 539 homes traded by the Multiple Listing Service of Canada real estate. Compared to the decade-low in January, seasonal activities are above by 61.2% which is just below the all time high of May 2007 by 1.4%.
These statistics in the Lindsay, Ontario region of Canada show that their sales activity in the third quarter started off on the right foot. The resale housing market now compared to the beginning of the year is much stronger. Homebuyers in this area are now recognizing that interest rates and prices are bottomed out and are taking advantage of it. These situations allow for homebuyers to find much more affordable housing before prices and interest rates decide to go higher.
With buying homes in Lindsay, Ontario also comes with selling homes in Lindsay, Ontario. The resale activity in July 2009 was up from July 2008 by approximately sixty percent of its local markets. The national MSL residential average price of homes in this area has also rose by 7.6% in the past year. The average price of a home in the Lindsay, Ontario area is priced at approximately $326,832. The well-built rebound in sales activity has allowed for not only Lindsay, Ontario, but many other areas of the Ontario, Canada area to skew the national average price by increasing.
Though resale activity is up, the supply of homes available on the MLS market has remained down from a year ago. In the Lindsay, Ontario area the supply of homes is down by 13%. It reflects a seventh year-to-year decline in as many months in the number of new listings. These trends support average prices of homes in the Lindsay, Ontario area. It is expected that prices of the available homes that are in demand in the great areas of Ontario, including Lindsay will continue to climb in price over the rest of the year.
