DURHAM REGION, October 6, 2011 – Durham Region REALTORS® reported 870 sales in September, up 6% when compared to 815 sales in August.
“Although the number of active listings remains virtually unchanged from last month, September brought 1,624 new listings to the market place. The sales-to-new listings ratio for September stands at 54% indicating a balanced market,” commented Dierdre Mullen, President of the Durham Region Association of REALTORS®.
The average selling price of a home in Durham Region remained consistent from August at $316,938 to September at $317,634. This number is also comparable with the Year-to-Date average sales price of $317,265.
“The price of a home in Durham Region appears to be stabilizing, but we are still experiencing healthy sales figures as we head into fall,” 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.