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Barrie and area May 2011 Real Estate market statistics
 
Residential property sales recorded through the MLS® System of theBarrie & District Association of REALTORS® Inc. came in a little softer in May 2011 compared to April, but nevertheless recorded a year-over-year gain due to falling sales in May last year. Home sales numbered 449 units for the month of May, up two percent from the same month in 2010. While this is an improvement from the double digit declines seen in the last few months, it was entirely a story of falling sales in May last year. Within the City of Barrie, home sales numbered 271 units in May, also up two per cent from year-ago levels.“We’re really looking at a much more stable market this year than we had last year,” said Catherine Garbe, President of the Barrie and District Association of REALTORS®. “That can be difficult to see at times because last year’s extreme volatility continues to show up in year-over-year comparisons. We saw it earlier this year when sales posted declines from last year’s record levels, and we’re likely to see it showing up as year-over-year gains in the months ahead as we get one year away from last year’s weak summer.”The year-to-date average price for all homes sold via ... more

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