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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 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. ​

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

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.


Graph Showing Sold vs. Available Homes in Durham

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Toronto Real Estate Board - IDX Last Updated: 5/24/2019 8:53:19 AM