Durham Average Home Selling Price Continues To Increase Year-Over-Year

The DRAR keeps us up to date on the market:

Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 845 residential transactions in October 2017, a 23 per cent decrease from October 2016. However, this was a slight increase over the previous month.

October also saw the number of new listings in Durham increase month-over-month to 1,698, up from 1,096 new listings in September, and higher than the 1,327 in October 2016.

“We’re continuing to see an increase of average selling price year-over-year,” said Bouma. The average selling price in Durham reached $575,602 last month, a slight decrease from the $578,666 average selling price in September, but a 2 per cent increase over the average of $564,989 during the same period in 2016.

“Durham Region continuously offers the best real estate value in the GTA,” said Bouma. “Buyers can benefit from opportunities to buy in a more relaxed market, without multiple offers, while sellers enjoy an increase in their home’s value over previous years.”

Durham REALTORS®, We Work Where You Live. To contact a local Durham Association REALTOR® or to search for a weekend open house or listings in your neighbourhood, please visit www.DurhamRealEstate.org

Source:  http://durhamrealestate.org/blogEntry.cfm?b=15758