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Real Estate Market Update for October 2018
Durham Region Association of REALTORS® reported 798 residential transactions in October 2018, a 3.2 per cent increase from the previous month, and a 5.6 per cent decrease from the same time last year.
The average sale price in Durham Region for the month of October was $588,968 up slightly from September at $587,009. This is also a 2.3 per cent increase from October 2017.
(DRAR) President Dennis Roberts reported “Monthly sales growth has been positive in Durham Region since the Spring. We anticipated it would take time to adjust to the mortgage changes and higher borrowing costs. The Durham market has remained strong,” October saw 1,644 new listings, down 9.8 per cent month-over-month
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