Durham Region Real Estate Report – October 2011

Durham Region Experiences Healthy Sales Growth

  • DRAR* – reported 870 sales in September, up 6% when compared to 815 sales in August.
  • The number of active listings remains virtually unchanged from last month.
  • September brought 1,624 new listings to the market place.
  • 54% Sales to Listing Ratio indicates a balanced market.
  • The average selling price of a home in Durham Region remained consistent at $316,938 to September at $317,634.
    • The above numbers are 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.

Statistics have been gathered from the Durham Region Association of Realtors website. For more detailed information and statistics please log onto http://www.durhamrealestate.org

* DRAR is the Durham Region Association of Realtors

If you are looking into the opportunity of Purchasing a Home in the Durham Region please feel free to contact me at scottt@lifiendurham.com or (905) 728-1600.

This message is not intended to solict any client curently under contract

 

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