DURHAM REGION, April 7, 2015 – Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 1,086 residential transactions in March 2015. This resulted in an increase of 14.7 per cent from 947 in March of last year. “The number of sales increased significantly year-over-year, however, we are still seeing less inventory compared to the same period last year” reported O’Donohue. Durham saw 1,527 new listings enter the market in March 2015 compared to 1,553 in March 2014. “This makes for competition between buyers and drives home prices up” explained O’Donohue.
Source: DurhamREI News
Quentin D’Souza is the Chief Education Officer of the Durham Real Estate Investor Club. Author of The Property Management Toolbox: A How-To Guide for Ontario Real Estate Investors and Landlords and The Ultimate Wealth Strategy: Your Complete Guide to Buying, Fixing, Refinancing, and Renting Real Estate.