2009 Peterborough Real Estate

After a slow start due to a weakened economy, house sales rebounded during the 2nd half of 2009 to finish the year stronger than many had anticipated. In fact, Peterborough and area enjoyed the best December sales since December 2006.

• Total sales for 2009 were 2823
• Total sales for 2008 were 2865 (only a 1 1/2 % decrease)

Average house prices remained relatively on par with the previous year. Government incentives combines with record low interest rates and improved consumer confidence fueled the housing recovery. The strong residential resale housing market was a key factor in our quick recovery.