Toronto Real estate board reported 1,401 homes sold in Durham Region in August compared to 1,205 homes sold in August 2010. The sales this year have been hovering between the lows of 2008 and the highs of 2007.
"We remain on pace for the second best year on record for sales. Approximately 90,000 transactions are expected by the end of December," said TREB's Senior Manager of Market Analysis Jason Mercer. "Major home ownership costs, including the average monthly mortgage payment, remain affordable despite the strong price growth experienced so far this year."
Number of Homes Sold in Durham Region
The average sale price of homes in Durham Region in August was $316,938, up by 1.49% compared to the same month last year.
Average Home Sale Price in Durham Region
This August saw 1.16% more homes come on the market compared to last August. This increase helped with the shortage of inventory that has existed for most of this year. It is expected that September and October will bring more listings onto the market giving the buyer a wider selection.
Sales / Active Homes in Durham Region
