January 2024 Real Estate Update

Take a look at the January 2024 Real Estate update for Peterborough, Kawartha Lakes and Northumberland. 

In January, Kawartha Lakes had the highest Days On Market, while Northumberland had the lowest. Northumberland also boasted the highest Average Sale price, whereas Peterborough County had the lowest. When comparing rental costs, Lindsay had the lowest average rent, and Peterborough had the highest.

In terms of sales, Peterborough saw 95 transactions, Northumberland had 75, and Kawartha Lakes had only 48. These statistics highlight the varying market conditions across these regions, providing valuable insights for both buyers and sellers. Stay informed to make the best real estate decisions in Peterborough, Kawartha Lakes, and Northumberland.

Northumberland currently has the highest number of active listings available on the market, providing plenty of options for buyers. In contrast, Kawartha Lakes has the lowest amount of inventory available, creating a more competitive market for prospective buyers. This disparity highlights the varying real estate dynamics between these regions, emphasizing the importance of staying informed about local market conditions. Whether you’re looking to buy or sell, understanding these trends can help you make more strategic decisions. Come back every month to read about the next market update. For now, enjoy the January 2024 Real Estate Market Update.

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