DURHAM REGION, October 6, 2011 – Durham Region REALTORS® reported 870 sales in September, up 6% when compared to 815 sales in August.
“Although the number of active listings remains virtually unchanged from last month, September brought 1,624 new listings to the market place. The sales-to-new listings ratio for September stands at 54% indicating a balanced market,” commented Dierdre Mullen, President of the Durham Region Association of REALTORS®.
The average selling price of a home in Durham Region remained consistent from August at $316,938 to September at $317,634. This number is also comparable with the Year-to-Date average sales price of $317,265.
“The price of a home in Durham Region appears to be stabilizing, but we are still experiencing healthy sales figures as we head into fall,” 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 www.DurhamRealEstate.org.