Durham Region Association of REALTORS® (DRAR) President reported 835 residential transactions in September 2017, down 23 per cent compared to September 2016. However, this was a slight increase over the previous month.
 

September also saw an increase in the number of new listings in Durham (1,914), compared to the 1,556 new listings reported in September 2016.

 The average housing price for September in Durham Region was $578,666, a slight decrease over the previous month, however an increase of 4.25% over the same period last year.

Homes listed on the market continue to sell in an average of 23 days.

Durham’s condo apartment continues to be strong, with sales up 16% compared to the same period last year, and the average sale price rising to $365,397, from the $314,839 reported in September 2016. 

“Polls indicate that buying intentions over the next year remain strong,” notes DRAR president. “Durham Region is still one of the best places to live, work and play. We offer the best real estate value in the GTA.”

Metrolinx’s expansion plans of GO train service to our eastern corridors will only improve the lives of residents making it easier for them to commute. The Bowmanville GO train extension will open four new stations (two in Oshawa, one in Courtice and one in Bowmanville) and will make living in the east even more palatable for residents.

If you are planning a move to Durham Region, or have any questions about the real estate market in Whitby, Oshawa, Courtice, Brooklin, Bowmanville, Ajax or any area in Durham Region contact Team Bryant today.