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Durham Region Real Estate – A Great Investment
DURHAM REGION, August 5, 2011 – The Durham Region Association of REALTORS® reported 906 sales for the month of July. So far in 2011 there have been a total of 6,213 sales in Durham Region which represents a 3.7% decrease over last year.
With 1,328 new listings reported in July the total number of homes available for resale in Durham Region is 2,247. The sales-to-new-listings ratio, an indication of market balance, stood at 68.2% for July. A ratio above 60% suggests a seller’s market.
The average selling price of a home in Durham Region for July is $329,956, an increase of 11.2% over July last year. “Sellers are still seeing strong price increases for their homes, making real estate in Durham Region a great investment” said Durham Region Association of REALTORS® President, Dierdre Mullen.
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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