AUG 27 - Decline In New Inventory

After weeks of having more new listings than last year, last week in Durham Region had 14% less new inventory than same time a year ago and 85 less new listings than the week earlier.

Average sales price for the region hovers around 880K, while the number of sales was down by 33 comparing with the previous week.

Average asking price was higher by about 8% than same time last year, meanwhile average sales price was down by 1.6%.

We need more listings to truly feel a more balanced market. Multiple offers still happen on many properties that are priced right and a decline in new properties available for sale may further stimulate more buyer competition.

View the latest numbers for your city, and call, text, or email for more information on how this affects home selling or home buying plans.