Durham Region Real Estate Market Update – End of June 2025
At the end of June, the Durham Region real estate market is showing clear signs of transitioning into a balanced market. With shifting mortgage rates, rising inventory, and evolving buyer behavior, both buyers and sellers have new dynamics to navigate. Here's a breakdown of the current trends and what to expect as we move deeper into the summer season.
📉 Mortgage Rates & Market Dynamics
One of the most significant shifts this season has been the drop in mortgage rates, which has reignited buyer interest across the region. With five-year insured fixed rates as low as 3.79% and variable rates around 3.99%, affordability has improved, encouraging more buyers to re-enter the market.
At the same time, inventory levels are rising, giving buyers more options and reducing the urgency that characterized the market in previous years. However, certain segments—particularly those with high demand and limited supply—are still moving quickly.
🏠 Seller Strategy for Summer 2025
For sellers, especially those in higher price ranges, northern Durham, or condo markets, the key to success lies in realistic pricing. With fewer bidding wars, homes that are priced competitively are seeing more showings and faster sales.
Additionally, presentation matters more than ever. Strategic staging, professional photography, and strong online exposure are essential to attract serious buyers in a more discerning market.
📊 Sales & Inventory Trends
- Sales Volume: Activity is building steadily, in line with seasonal expectations. As the summer weather settles in, we’re seeing increased showings and sales, particularly in the upper price brackets.
- Inventory Levels: Listings have reached levels not seen since 2009, offering buyers a broader selection and reducing pressure to make hasty decisions.
🔍 Current Market Conditions
- Multiple Offers: Still common in the lower to mid-price ranges, where demand remains strong.
- Price Alignment: Selling prices are closely aligned with list prices, indicating a competitive but rational market.
💸 Interest Rate Movements
The Bank of Canada held its overnight rate at 2.75% on June 4, a significant drop from the 5.00% peak earlier in the year. This has had a direct impact on mortgage affordability and buyer confidence. The next rate announcement is scheduled for July 30, and all eyes will be on whether further adjustments are on the horizon.
🧭 What This Means for You
Whether you're buying or selling, staying informed is your best strategy. Buyers can take advantage of improved affordability and increased inventory, while sellers can still achieve strong results with the right pricing and presentation.
As the market continues to evolve, expect more movement and opportunity in the weeks ahead. Stay tuned—and stay strategic.
Panning a move? Have real estate questions? Looking to buy and sell? Ask us about our Buy With Me List For FREE program!
James and Patrick Bryant look forward to helping with all of your real estate needs!
905-439-2033
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