The number of Listings Sold in July 2009 has increased 17% over the number of sales in the same month last year. There were 544 new listings in July '09 compared to 668 in July '08. At the close of the month there were 2177 active MLS listings compared to 1948 in July of last year.
Consumer confidence appears to have returned to the Peterborough housing market, fueled no doubt by low interest rates resulting in increased affordability. Sales in Peterborough Co for July were the highest in the last five years. First time home buyers led the charge with the residential sales of homes listed between $150,000 -$250,000 accounting for over 50% of the increase. The number of new listings has decreased from last year so sellers who are well priced should have an increase in activity and a shorter timeperiod on the market.
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