The Vatandoust Sirrs Team with Keller Williams Energy Real Estate

The Vatandoust Sirrs Team Blog

Read what's happening in the local real estate market, get tips for home owners,  buyers, and sellers, find out community news, and more.

Real Estate Market Update for July 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.
Graph Showing Number of Homes Sold in Durham “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.
Graph Showing Average Price in Durham

The average selling price in Durham reached $584,131 last month, a 4.35 per cent decrease from the $610,728 average selling price in June, but a 2.52 per cent increase over the average selling price during the same period in 2017. “Durham continues to offer the best housing options for buyers and still offers some of the most desirable real estate value in the GTA,” said Roberts. “Market trends indicate that we will be anticipating an increase in activity again in the fall.”
Graph Showing Sold vs. Available Homes in Durham

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Toronto Real Estate Board - IDX Last Updated: 10/16/2018 6:29:07 AM