Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in August 2019. This result represented a 13.4 per cent increase compared to 6,797 sales reported in August 2018. Durham region sales accounted for 1046 sales in the month of August compared to 843 in the August of 2018, a 24% increase year over year. In the GTA average selling price, at $792,611 in August 2019, was up by 3.6 per cent year-over-year. Durham house prices increased from $590,706 in August of 2018 to $614,362 for August of 2019. This is a 4 ...
Real Estate Market Update for August 2019
September 9, 2019
Real Estate Market Update for July 2019
August 9, 2019
Durham REALTORS® reported 1,041 residential transactions in July 2019. This represents a 31 per cent increase compared to July 2018. The overall average selling price in Durham Region for the month of July was $604,938, a slight increase on a year-over-year basis from July 2018, however is a decrease from the previous month. New Residential listings have increased representing significant year-over-year growth. Durham Region saw 1,892 new listings in July, representing a 13 per cent increase compared to July 2018. The ratio of Sold to New Listings continues to hover around 55% which maintains a balanced market. “Month over month ...
Real Estate Market Update for June 2019
July 11, 2019
Durham REALTORS® reported 1,093 residential transactions in June 2019. This represents 19 per cent increase from the 918 transactions in June of 2018. The overall average selling price in Durham Region for the month of June was $620,506, up 2 per cent from $610,728 in June 2018. Residential transactions and new listings have increased consistently representing significant year-over-year growth. Durham Region saw 2,320 new listings in June, representing a 22 per cent increase compared to June 2018. “We are seeing a positive shift in the market and strong year-over-year sale and new listing growth. Buyers are starting to ...
Real Estate Market Update for May 2019
June 6, 2019
The Durham Region Association of REALTORS® (DRAR) reported 1,176 residential transactions in May 2019. This is a substantial increase of 37 per cent over the 859 residential transactions reported the same time last year in May. The number of new listings increased by 20 per cent from 1,993 in April of this year to 2,392 in May. Year-over-year new listings were up 6.45 per cent. The average selling price in Durham Region was $622,292 in May 2019 up slightly from the same time last year. “After a slower start to 2019, it appears the market is experiencing ...
Real Estate Market Update for April 2019
May 14, 2019
The Durham Region Association of REALTORS® (DRAR) President Tina Sorichetti reported a significant increase of residential transactions year-over-year. Home sales in Durham Region reached 1,075 in April 2019 representing a 16 per cent increase compared to 930 in April 2018. On a month-over-month basis residential transactions were up 28 per cent. Durham Region’s average sale price reached $612,195 in April 2019. This was slightly higher than the $609,815 for April of 2018. According to the index and benchmark price in April 2019, Durham has the most affordable single-family detached homes compared to neighbouring markets. The average days on market in ...
Real Estate Market Update for March 2019
April 8, 2019
Durham Region Association of REALTORS reported 839 residential transactions in March 2019, a 43 per cent increase from the previous month but very similar to 846 homes sold in March of 2018. The average selling price in Durham reached $604,796 last month. In comparison, the average selling price was $580,743 in February 2019 and slightly higher than $598,412 of March 2018. The recent Federal Budget addressed housing affordability and providing support for first-time home buyers. The budget included the launch of The First-Time Home Buyer’s incentive program, increase to the Home Buyer’s Plan (HBP) withdrawal limit from $25,000 to $35,000, as ...
Real Estate Market Update for February 2019
March 8, 2019
Durham Region Association of REALTORS® (DRAR) reported 585 residential transactions in February 2019. This represents a 15.16 per cent increase on a month-over-month basis and a decreased from the same time last year by 3.15 per cent. The average selling price in Durham for the month of February was $580,743. This is a moderate increase from January 2019. The average selling price for all home types decreased by 1.8 percent on a year-over-year basis. The number of new listings reached 1,140 in February, a 5.16 percent decrease from February 2018. The number of new listings decreased by 3.47 percent from ...
Real Estate Market Update for January 2019
February 12, 2019
Durham Region Association of REALTORS® (DRAR) reported 508 residential transactions in January 2019, compared to 470 in January of 2018. An increased 8.09 per cent year over year. In 2018 we saw the introduction of “Stress test” as well as a number of rate increases by The Bank of Canada. These factors caused a lot of turbulence and uncertainty in the housing market. So far this year there are no indications of any major changes that can influence the housing market. It is predicted that 2019 is a year of stability and moderate growth in the housing market.
Real Estate Market Update for December 2018
January 11, 2019
When all is said and done in Durham region a total of 8,941 homes were sold in 2018. This represents a 19.7 per cent decline compared to the 11,136 residential sales reported in 2017. The market is returning to Normal after the peak that we experienced in early 2017. The number of new listings in December 2018 were 543, a 23.6 percent decrease from the same time last year Durham Region saw the average sale price increase to $587,200 in December 2018 for all home types. The average sale price for 2017 was $575,064. This price increase trend started ...
Real Estate Market Update for November 2018
December 18, 2018
Durham REALTORS® reported 730 residential transactions in November 2018. The number of residential sales was down 16.9 percent compared to November 2017 and down 8.5 per cent from the same time last month. Toronto Real Estate Board and Durham Region Association of REALTORS® (DRAR) announced the continuation of moderate price growth in November 2018 compared to November 2017. The average selling price of homes in Durham was up 2.7 per cent year-over-year to $590,403. “The number of new listings is down on a year-over-year basis this November. It was predicated we may see a tightened market and this indicates that ...