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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 April 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.

Number of sale in durham region graph
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.Graph Showing Average Price OF Homes Sold in Durham

The average days on market in Durham was 20 with a balanced 53.9 per cent Sales to New Listings Ratio.
Graph Showing Sold vs. Available Homes in Durham

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Toronto Real Estate Board - IDX Last Updated: 9/15/2019 8:24:27 AM