February 2024 Real Estate Update

Take a look at the February 2024 Real Estate Update for Peterborough, Kawartha Lakes, and Northumberland areas.

February 2024 Real Estate Update

The average sale price increased 4.68% for average sale price for Peterborough County from $665,583 in January to $698,320 in February. Active listings have also increased, whereas days on market and sales have both decreased from January.

As for Northumberland County, there was a 2.55% decrease in the average sale price. The days on market and active listings remained relatively in the same area.

In Kawartha Lakes, we saw an 8.075% increase in average sale price from the previous month. We are also seeing a large decrease in days on the market and sales. Active listings did come up to 200 compared to 122 in January.

In the rental market, there was a 9.45% increase in the rent in Peterborough compared to January. Whereas Northumberland and Kawartha Lakes both had decreases of 6.79% and 7.57% respectively. Peterborough continued from January to have the highest average rent price during February with $3092. Cobourg had the lowest average rent price during February, with Lindsay as a close second.

in February, we can see that Kawartha Lakes had the highest average sale price, compared to Peterborough County which had the lowest. Northumberland County had the most sales, and Peterborough County had the lowest days on the market out of the three areas during February. Currently, the most active listings belongs to Northumberland County.

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