NO FALL FOR DURHAM’S HOUSING MARKET

The Following Article Was written by the Durham Region Association of Realtors

President Jane Hurst reports: 

October 2014 – Durham Region Association of Realtors President Jane Hurst reported 970 sales in September 2014. This result represents a 14.8 per cent increase compared to 845 sales in September 2013. On a year-to-date basis, sales were up 5 per cent annually through the first three quarters of the year.

“The increase in sales activity stems from increasing buyer interest” stated President Hurst. “We
also saw a 21.7 per cent increase in the number of resale homes entering the market since
last month”. The number of new listings that entered the market in September 2014 was 1,471
compared to 1,209 in August 2014.

Jane Hurst also reported that the region has seen a large increase in the average selling price. The average price of resale homes in Durham Region in the month of September reached $401,713. “This represents a 13.6 per cent increase over the same period last year”.

“The willingness of buyers coupled with low borrowing rates keeps home ownership
affordable” said Hurst. “Property values continue to rise which makes Durham Region a great
place to work and live”.

To search for a weekend open house or listings in your neighbourhood, please visit www.DurhamRealEstate.org

If you require additional detailed information about your street or your neighbourhood please feel free to contact me directly:

SCOTT ROY

REMAX JAZZ Inc. Brokerage

(905) 728-1600 Office

(905) 435-7355 Direct

scott@lifeindurham.com

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