July 21, 2011
DURHAM REGION, May 6, 2011 –The resale housing market in Durham Region remained stable through April with 949 sales through the Multiple Listing Service®, a reduction of 3.26% from March’s 981 and reflects a further drop from the record high of 1185 sales in April of 2010. President of the Durham Region Association of REALTOS®, Dierdre Mullen commented that “This number is only slightly lower than the 5 year average of sales for the month of April”.
The good news for home owners/sellers is that the average price in April was $321,042 up 6.4% from $301,668 in March and also is a full 5.4% higher than April, 2010’s $304,436.
The number of available listings on the MLS® system continues to rise, offering a total of 2033 homes for sales, up 6.3% from 1912 last month but down 16% from 2426 on the system at the same time as last year.
“While the spring market has been slow developing, now that the Federal election is over and weather conditions are improving we expect sales to remain balanced through the spring”, said President 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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