July 21, 2011
DURHAM REGION, April 5, 2011 –The Durham Region Association of REALTORS® reported 981 sales of homes during March, a 5% increase from 653 sales in February and is only down 1.1% from 1110 sales in March of 2010 when consumers were concerned about purchasing before the HST was implemented. The average number of sales in March over the past 5 years was 916 so 2011’s spring market is in line with previous years.The average selling price for March of $301,668 was virtually the same as in February and reflects a slight 1.4% drop from March 2010’s $306,140.
The inventory of homes on the market increased by 16.5% to 1912 listings on the MLS® System from 1640 in February, a drop of 10.3% from 2132 listings in March of last year.
“Homes in Durham Region are very affordable compared to the Toronto market and with the improving economic conditions, we’re expecting the spring market to remain relatively strong, said Durham Region Association of REALTORS® President Dierdre Mullen.”
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 wwwDurhamRealEstate.org.
(905) 723-8184
(905) 723-7531
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