Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported an increase in residential transactions on a month-over month basis in August. DRAR REALTORS® reported 843 residential transactions, a 6 per cent increase compared to July 2018 with an average 28 days on the market. “It is encouraging to see an increase in transactions as we enter the fall market. It was anticipated that we would see a hike in activity in the fall, and an increase in sales as well as the average selling price for the month of August is a very positive sign,” said Roberts. The average ...
Real Estate Market Update for August 2018
September 11, 2018
Real Estate Market Update for July 2018
August 8, 2018
Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 794 residential transactions in July 2018, a 6 per cent increase on a year-over-year basis from 749 in July 2017, and a 13.5 per cent decrease from June 2018. “As we edge closer to the end of the summer, we may experience a return to a traditionally quieter summer market,” said Roberts. July saw the number of new listings in Durham decrease on a month-over-month basis to 1,675 down from 1,895 new listings in June. The average selling price in Durham reached $584,131 last month, a 4.35 per cent decrease ...
Real Estate Market Update for June 2018
July 9, 2018
Greater Toronto Real estate Board reported 918 residential transactions in June 2018 for Durham Region, a 6.87 per cent increase from May 2018 and a 7.92 per cent decrease from the same time last year. June also saw the number of new listings in Durham decrease to 1,895 from 2,247 new listings in May. The average selling price went up to $610,728 in June 2018, a 2.22 per cent increase compared to May 2018. “Durham Region continues to offer the best home value in the GTA. According to the MLS® Home Index and Benchmark Price, Durham continues to offer affordable ...
Real Estate Market Update for May 2018
June 7, 2018
<iframe width="560" height="315" src="https://www.youtube.com/embed/MtM0bATOu4U" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe> Greater Toronto Area REALTORS® reported 859 residential transactions for Durham region in May 2018, down 7.6 per cent from the previous month. On a year-over-year basis, sales transactions are down 33 per cent. In Durham Region, the average selling price reached $597,485 in May 2018. In comparison, the average selling price was $609,813 the previous month. In May we entered a buyer’s market as the number of homes listed increased dramatically compared to the homes sold. There were 2,247 new listings in May 2018, compared to 1,908 in the previous month, buyers ...
Real Estate Market Update for April 2018
June 1, 2018
President Dennis Roberts reported 930 residential transactions in April 2018, a 10 per cent increase from the same time in the previous month. On a year-over-year basis, sales were down by 32 per cent and the average selling price was down by 12 per cent. The average selling price in Durham reached $609,813 in April 2018. In comparison, the average selling price was $598,412 the previous month. “Last year at this time the average selling prices were reaching a record peak.” Stated Roberts. “Market conditions should support moderate increases in home prices, which continues to be demonstrated by Durham’s ...
Real Estate Market Update for March 2018
April 13, 2018
Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 846 residential transactions in March 2018. This result was down by 30 per cent in comparison to a record 1,349 in March 2017. March 2018 saw the number of new listings in Durham increase to 1,755 a significant 46 per cent increase from February 2018. “Following a tough winter as homebuyers adjusted to the new mortgage qualification rules." Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB's MLS® System in March 2018. This result was down by 39.5 per cent ...
Real Estate Market Update for February 2018
March 8, 2018
Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 604 residential transactions in February 2018, a 28.5 per cent increase over the previous month, and a 9 per cent decrease compared to February 2017. February also saw a 26 per cent increase in the number of new listings in Durham 1,202, compared to the 954 reported in January 2018. The average selling price in Durham Region reached $591,404 in February 2018. In the previous month the average selling price was $578,645. Durham Region leads the GTA with the most affordable townhouses according to the February 2018 year-over-year per cent change ...
Real Estate Market Update for January 2018
February 7, 2018
Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 470 residential transactions in January 2018, a slight decrease from December 2017. January saw an increase in listings of 954 from 711 in December. There is 30 per cent increase year-over-year from January 2017, where there were 735 listings. “Amid the new mortgage ‘stress test’ rules for buyers that came into effect January 1st, there has been a drop in sales but an increase in listings.” stated Roberts. Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB’s MLS® System in January ...
Market Update for December 2017
January 9, 2018
Durham Region Association of REALTORS® (DRAR) President Dennis Roberts stated that the 2017 year-to-date value of all home sales in Durham Region totalled over $6.9 billion in dollar volume, a 3 per cent increase from 2016. “This is a direct reflection on Durham Region’s economy today,” said Roberts. Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB's MLS® System in 2017. This total was down 18.3 per cent compared to the record set in 2016. The average selling price as we finished the year in December is $575,064, a 3 ...
November Market Watch 2017
January 9, 2018
Durham continues to offer a balanced market where both buyers and sellers have the opportunity to complete the housing transactions without multiple offers, while still enjoying an increase in selling price over last year. November 2017’s average selling price was $574,901 which represents a slight increase over the same month in 2016 at $574, 694. The relaxed market is also supported by the number of days on market. The average days on market for November 2017 was 23 days, in comparison to November 2016 where it was only 13 days. Meanwhile Tim Syrianos states "We have seen an uptick in demand ...