The Vatandoust Sirrs Team Blog
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Real Estate Market Update for March 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 well as other actions that support housing supply and affordability.
We are in a balanced market with around 50% ratio of New listings to Sold listings.
Do you have questions about the real estate market? We'd love to help! Give us a call at 905-448-2921 or reply back to this email.