February 2019 - Real Estate Market Snapshot Durham Region

By: Jason and Andre Ferris

February 2019 - Real Estate Market Snapshot Durham Region

Tags: Average Home Selling Price, Durham Region Market Update, Real Estate

As the first housing stats roll in for 2019, there is some feelings of optimism. In the Durham Region, sales of homes increased 13.9% in January 2019 from the month before. This is a very positive sign and is encouraging to both buyers and sellers, as the number of new listings also saw a significant increase of 23.8% during this same time period. The average sales price in January 2019 was $577,9...Read More

January 2019 - Real Estate Market Snapshot Durham Region

By: Jason and Andre Ferris

January 2019 - Real Estate Market Snapshot Durham Region

Tags: Durham Region Market Update, Average Selling Price

With 2018 now in the books, it’s time to have a look back at the Durham Region housing market and assess where it is home owner’s stand and where the market is headed. The Durham Region Association or Realtors® reports that there were a total of 8,941 residential transactions in 2018. This was about a 20% decline from the previous year.  In addition, the average sale price fo...Read More

October 2018 - Real Estate Market Snapshot Durham Region

By: Jason and Andre Ferris

October 2018 - Real Estate Market Snapshot Durham Region

Tags: Real Estate Update, Durham Region, Average Selling Price

With Fall now in full swing, taking a look at the housing market right here in the Durham Region gives us all a sense of confidence. Much like our weather, our market continues it’s strong carry over from the Summer. Although the number of transactions were down in September from August, the number of newly listed homes rose 24% in September to 1823 new listings compared to just 1466 th...Read More

September 2018 - Real Estate Market Snapshot Durham Region

By: Jason and Andre Ferris

September 2018 - Real Estate Market Snapshot Durham Region

Tags: Durham Region, Real Estate Update,

  As we head into fall, it seems as though the housing market in Durham took a little step forward in its bounce back from a sluggish 2018 so far. The average selling price for a home in Durham climbed to $590,706 this August versus the $584, 131 it posted in July. In the extremely hot market of 2017, the average sale price was $628,005. Today, that average is down to $596,374, a significan...Read More

August 2018 - Real Estate Market Snapshot Durham Region

By: Jason and Andre Ferris

August 2018 - Real Estate Market Snapshot Durham Region

Tags: Durham Region Average Selling Price by House Type, Real estate update

It seems as though the market here in the Durham Region has cruised into the traditional ‘quiet summer’ phase that we are accustomed to seeing in the housing market. July of this year saw a 6% increase in transactions over the same period as 2017 but we are down 13.5% for real estate transactions from just last month. With many families taking holidays and enjoying a stellar summer, th...Read More