DURHAM REGION, July 6, 2012 – The Durham Region Association of REALTORS® reported 1,122 sales for the month of June, a 10% decrease from 1248 in May. The month’s sales bring the year-to-date total to 6,065 sales for the first half of 2012.
Average selling prices in the region increased by 1% to $344,907 in June. This increase raised the year-to-date average price to $335,448. “When you compare average prices with some of the other neighbouring areas such as Toronto ($553,923) York Region ($595,212) and even Peel ($440,026), Durham Region really stands out as offering excellent housing variety along with great amenities. When you consider the high purchase price of a home in Toronto, coupled with the additional Land Transfer Tax that the City of Toronto has implemented, Durham Region is a great choice for people who want to enjoy the benefits of home ownership,” commented Christine Marquis, President of the Durham Region Association of REALTORS®.
The number of active listings as of the end of June was 2,012, down by 5.5% compared to May. “A reduction in the inventory of single family homes this time of year is not uncommon. Sales are still quite high for the mid-point of the year and many Durham REALTORS® are reporting a very busy start to summer,” commented President Marquis.