June 5, 2013
DURHAM REGION, June 5, 2013 – The Durham Region Association of REALTORS® (DRAR) reported a 10% increase in the number of new listings that entered the marketplace in May compared to April. This influx of inventory brought the number of active listings in the Region to 1,911. "The colder weather seems to have delayed the traditional spring market," added Ian Smith, DRAR President.
Local REALTORS® facilitated 1,179 sales during the month which is a slight (2%) decrease from April. So far this year, 4,495 Durham homes have changed hands, a 9.5% decrease when compared to this time last year. "Average prices continue to be strong across Durham Region. The average selling price of a resale home in Durham Region was $357,386 in May and $352,005 year-to-date which represents a 5% increase compared to this time last year," reported President Smith. Durham REALTORS®, We Work Where You Live. To contact a local Durham Association REALTOR® for more specific and local housing statistics or search for a weekend open house or listings in your neighbourhood, please visit www.DurhamRealEstate.org.