AUG 20 - Increase in New Listings in Durham Region

Durham Region home buyers have about 33% more properties to choose from than same time last year. Last week saw an increase in both the average number of new listings and the average number of sales across for all property in Durham communities.

Average list price continues to be the highest we’ve had in the last 3 years.

Average sales price is down by 2% comparing with same time last year.

Average list to sale ratio is at about 100% meaning that properties that have sold, on average sold for about 100% of asking price.

Considering that the average list price is a lot higher, what that tells us is that there are homes on the market that are priced too high for the current conditions of buyer’s purchasing power.

View the latest numbers for your city and call, text, or email for more information.