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PRESS RELEASE FOR MAY 2012 STATS… THE HOT PRICE RANGE THIS MONTH CONTINUES TO BE THE $100,000 TO $200,000 PRICE POINT WITH 67 OF THE 156 RECORDED SALES FOR MAY. WE ARE UP 1% ON NUMBER OF SALES COMPARING THIS YEAR TO LAST YEAR. TOTAL VOLUME OF SALES FOR THE MONTH CAME IN JUST UNDER $32,000,000, BRINGING OUR YEAR-TO-DATE TOTAL UP TO $143, 941,000 WHICH IS 10,000,000 AHEAD OF LAST YEAR AND AN 8% INCREASE. THE AVERAGE SALE PRICE FOR THE COUNTY SITS AT $203,000 AND THE NUMBER OF CURRENT LISTINGS SITS AT 1130. THE BANK OF CANADA ANNOUNCED THIS WEEK THAT IT WILL LEAVE THE INTEREST RATE ALONE FOR NOW. THE ECONOMISTS ARE PREDICTING LOW STABLE RATES THROUGH TO MID 2013. THE BANKS ARE STILL OFFERING 5 YEAR MORGAGES FOR UNDER 3.5% AND EXTREMELY ATTRACTIVE 7 AND 10 YEAR RATES FOR THOSE LOOKING FOR LONGER STABILITY. TALK TO YOUR LOCAL REALTOR ABOUT GETTING PRE-APPROVED FOR A MORTGAGE AND LOCKING IN TODAYS GREAT RATES AS WELL AS THE BEST STATEGY FOR YOUR PURCHASE OR SALE. Donna Mathewson, Board President -30-


SLREB May 2012 Stats