March 2011 DRAR Stats DURHAM 11.9999 Normal 0 false false false MicrosoftInternetExplorer4

DURHAM REGION, April 5, 2011 –DRAR (The Durham Region Association of Realtors ) has reported 981 sales of homes during March, which is 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.

A quote from of the DRAR President Dierdre Mullen “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.”

This is a topic I blogged about a few weeks ago and now have been supported by the DRAR president Dierdre Mullen.

If you know of any family members or friends looking to make a move to any of the cities towns or communities in Durham have them contact me today and I will be happy to help them find their dream home!