Not surprisingly, in light of general economic conditions, the local real estate market is quieter these days then it was at this time last year.
Statistics released by the Quinte and District Real Estate Board show residential sales in May down almost 30 percent from May of 2008.
The number of new listings was down 11 percent.
77 percent of the units sold in May were in the 100 thousand to 300 thousand dollar price range.
The President of the Quinte Real Estate Board. Roy Millar, says buyers are cautious, and only spending well within their budgets, while enjoying low interest rates on mortgages.
