December 3, 2015
DURHAM REGION, December 3, 2015 - Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 799 residential transactions and 958 new listings in November 2015. “We have seen an 8 per cent increase in the number of sales compared to November 2014,” reported O’Donohue. “In the same comparative time frame, there has been a 7.3 per cent increase in the number of listings entering the market”.
The average price for resale homes in the Durham Region for the month of November was $455,603. “The average price has risen 12.7 per cent compared to November 2014”, reported O’Donohue. The rate of average price growth for the first eleven months of the year is also 12.7 per cent.
“This year, we have seen a steady increase in price growth. Competition between buyers and low interest rates have resulted in upwards pressure on sale prices,” explained O’Donohue. “This is evidence that the demand for home ownership in Durham Region has remained strong throughout 2015”.
Durham REALTORS®, We Work Where You Live. To contact a local Durham Association REALTOR® or to search for a weekend open house or listings in your neighbourhood, please visit www.DurhamRealEstate.org
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