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Durham Region Homes Stand Out When Comparing Affordability

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.

About the Author Durham REI

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.

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