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Durham Region Maintaining Strong Selling Prices

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Skeptical At First – Now 8 Years Later It’s Truly The Highlight of My Month!
I started coming to Durham REI meetings 8 years ago, and thought it was a good networking spot, but I wasn’t sure how much I would learn. It is truly the highlight of my month! I get education, networking, and hearing speaker’s new ideas and thoughts. Last year, I bought 3 properties by December, as I had people at Durham REI meetings tell me a hadn’t bought in a while. I recommend attending DurhamREI meetings, all the time.

Michael DominguezInvestor and RealtorWhitby, Ontario

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Durham Region Maintaining Strong Selling Prices

Durham Market Information

DURHAM REGION – The Durham Region Association of REALTORS® (DRAR) reported 720 sales in November, down 6.5 per cent from 749 sales in November 2012. Year-to-date, there have been 9,872 sales in Durham Region, which is down 2.8 per cent compared to 10,158 at this time last year.

“Although the number of sales is down, we are still seeing an increased average selling price compared to last year” explained Ian Smith, DRAR President. The average selling price in Durham Region was $368,381 last month. “Our selling prices are up 7.6 per cent in comparison to $342,154 in November of 2012” reported Smith.

The year-to-date average selling price of $357,463 is up 6.3 per cent compared to $336,361 last year. “Durham’s housing market is still very much a seller’s market” explained Smith “and it looks like the trend may continue into the New Year”.