DURHAM REGION, July 6, 2011 – The Durham Region Association of REALTORS® reported 1,046 sales for the month of June, a slight increase from 1,040 in May. This represents a 13.7% increase from June 2010 when there were 920 sales.
“At the mid-point of 2011 there have been a total of 5,057 sales which is a 7.6% decrease from the first half of 2010. However, this number is 1.4% higher than the 5 year average indicating that sales in the Durham Region remain stable” commented Dierdre Mullen, President of the Durham Region Association of REALTORS®.
The number of active listings is 2,119, down 2% since May and down 16.1% when compared to June of last year when there were 2,461 homes for sale. This figure also represents a drop of 18.5% from the 5 year average.
“Even though the resale inventory is considerably lower than in previous years, we’re seeing a steady increase in the average selling price across the Region. The average selling price for June 2011 was $322,932 which shows a 2.2% increase from last month, a 6.1% increase from June 2010 and a 10.3% increase compared to the 5 year average. This trend suggests that Durham Region is in demand” said President Mullen.
The Durham Real Estate Investor club began in 2008. Whether you are just starting your journey, have been investing for a few years, or are a well seasoned real estate investor the Durham Real Estate Investor Club has many benefits to you.