Record Prices in Durham Region
November 5, 2015 – Durham Region Association of REALTORS® (DRAR) President reported that there were 989 residential transactions and 1,273 new listings in October 2015. Those figures are almost identical to last October in terms of the number of sales and the number of new listings entering the market
The average price for resale homes in the Durham Region for the month of October was $444,920, up 13.2 per cent from $393,088 in October 2014.
The President of DRAR commented that “Throughout 2015, prices have reached an all-time high,” and also mentioned that “When we add up the amount of money spent on all resale transactions over the year, we have seen almost 1 billion dollars more in sales compared to last year”.
This statistics and comments continue to support the fact that owning a home in the Durham Region remains a great investment. I can attest to the sentiment that Durham Region remains a great place to work and live.
For an Overview of the Average Selling Price of Homes throughout the Durham Region please contact me directly.
RE/MAX JAZZ Inc Brokeage
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