Durham Region Housing Market Still Looking Good!

The Durham Region Association of REALTORS (DRAR) reported 720 sales in November which was down 6.5% from 749 sales in November 2012.  Year to date there have been 9,872 sales in Durham Region, which is down 2.8% compared to 10,158 this time last year.

President Ian Smith reports "Although the number of sales is down, we are still seeing an increased average selling price compared to last year."  The average selling price in Durham Region was $368,381 last month.  "Our selling prices are up 7.6% in comparison to $342,154 in November 2012."

the year to date average of $357,463 is up 6.3% compared to $336,361 last year.  Durham's housing market is still very much a sellers market and it looks like this trend will continue into the new year!