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Fewer home sales, but prices higher

Real-Estate-November---Market-Watch-2There were fewer residential properties sold in November but their prices were slighting higher than a year ago.

November numbers show there were 185 overall units sold compared to 200 sold for November 2013. The residential portion of the sold units was 145 in 2014 and 170 in 2013.

“The November average residential sale price in 2014 was slightly higher than 2013, coming in at $223,775 compared to $216,485 last year, reflecting an increase of 3.4 per cent,” notes Heather Norlock, president of the Quinte & District Association of Realtors. “November also reflected a decrease in new residential listings, compared with last year, with 270 in 2014 and 299 in 2013.”

Norlock said the QDAR system shows there are currently 2,454 active listings which is a slight increase of 2.3 per cent over 2013. “The 1,520 active residential listings is a marginally higher number, when compared to 2013, with 1,508 listings that were active a year ago.”

The month of November, she added, can be a challenging month, weather-wise, and this year seemed to follow that trend, with a large fluctuation in temperature.

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