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    Durham Average Home Selling Price Continues To Increase Year-Over-Year

    The DRAR keeps us up to date on the market:

    Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 845 residential transactions in October 2017, a 23 per cent decrease from October 2016. However, this was a slight increase over the previous month.

    October also saw the number of new listings in Durham increase month-over-month to 1,698, up from 1,096 new listings in September, and higher than the 1,327 in October 2016.

    “We’re continuing to see an increase of average selling price year-over-year,” said Bouma. The average selling price in Durham reached $575,602 last month, a slight decrease from the $578,666 average selling price in September, but a 2 per cent increase over the average of $564,989 during the same period in 2016.

    “Durham Region continuously offers the best real estate value in the GTA,” said Bouma. “Buyers can benefit from opportunities to buy in a more relaxed market, without multiple offers, while sellers enjoy an increase in their home’s value over previous years.”

    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

    Source:  http://durhamrealestate.org/blogEntry.cfm?b=15758

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