More Choice for Homebuyers as More Properties Enter the Market

DURHAM REGION, October 4, 2012The Durham Region Association of REALTORS® (DRAR) reported a 12% increase in the number of new listings for the month of September (1,430), raising the number of active listings by 6% to 1,960. “As we predicted last month we’re starting to see more properties enter the marketplace as the fall market starts to heat up. We should also start to see the sales numbers reflect this increased activity soon,” commented DRAR President, Christine Marquis.

September saw 763 homes change hands in Durham Region, a 15% decrease from August. This brings the year-to-date sales for the Region to 8,600. “Despite the month-to-month fluctuations in the number of sales, the year-to-date figure illustrates a very healthy housing market in the Region,” adds President Marquis.
 
The average selling price of a re-sale home dropped slightly (1%) in September to $336,313 compared to $339,673 in August. The year-to-date average price of a home in Durham Region is now at $335,940.
 
Jason Abbott

Jason Abbott

Sales Representative
CENTURY 21 Infinity Realty Inc., Brokerage*
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