August 7, 2018
Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 794 residential transactions in July 2018, a 6 per cent increase on a year-over-year basis from 749 in July 2017, and a 13.5 per cent decrease from June 2018.
“As we edge closer to the end of the summer, we may experience a return to a traditionally quieter summer market,” said Roberts. July saw the number of new listings in Durham decrease on a month-over-month basis to 1,675 down from 1,895 new listings in June.
The average selling price in Durham reached $584,131 last month, a 4.35 per cent decrease from the $610,728 average selling price in June, but a 2.52 per cent increase over the average selling price during the same period in 2017. “Durham continues to offer the best housing options for buyers and still offers some of the most desirable real estate value in the GTA,” said Roberts. “Market trends indicate that we will be anticipating an increase in activity again in the fall.”
DRAR is excited to announce that the 2nd Annual Land Planning Information Session will be held at REALTOR® Connect, Durham Region’s largest real estate trade show. In its fifth year, DRAR is hosting REALTOR® Connect on Wednesday, September 19th at Deer Creek Golf & Banquet Facility.
“REALTOR® Connect is a great day for REALTORS® to network with other professionals in the industry. The event is FREE for REALTORS® and open for the public to attend,” said Roberts. “The Annual Land Planning Session is the perfect opportunity to find out the details of ongoing and future planning for Clarington, Oshawa, Whitby, Scugog and the Region of Durham from local experts.”
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