Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010. This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 – up four per cent compared to the first three quarters of 2009.
After 4 consecutive months of dropping sales in Durham Region it appears that the tide has turned. September saw an increase in sales which is primarily due to increasing demand caused by lower interest rates offered by the banks in the recent months.
Number of Homes Sold in Durham Region in September 2010
The average price of homes sold in Durham Region is seeing some fluctuation but over the longer term is keeping steady.
Average Sale Price of Homes in Durham Region in September 2010
The ratio of homes sold compared to available homes on the market improved in September and started heading back toward a more balanced market.
Available Homes Versus Sales in Durham Region in September 2010
