The Vatandoust Sirrs Team Blog
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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.
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 Durham was 20 with a balanced 53.9 per cent Sales to New Listings Ratio.
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