Re-Sale Market is Healthy and Balanced in Durham Region

DURHAM REGION, June 7, 2012 – Durham Region REALTORS® reported 1,248 sales for the month of May, an increase of 3% from April bringing the year-to-date sales to 4,968. “With modest gains in the last two months, sales have been on a steady climb this spring. I anticipate seeing that trend continue into the summer months,” commented Christine Marquis, President of the Durham Region Association of REALTORS®.

The number of active listings grew by 4% in May to 2,132. “There is an impressive inventory of homes available in the Durham Region and there are great buys out there. I’m pleased to see that the number of listings and sales are both experiencing modest gains to keep our market stable,” expresses President Marquis.

The average price in the region remained steady at $342,274 in May, an increase of only half a percent since last month. The year-to-date average selling price is $333,393. “We aren’t experiencing any major spikes or dips, the numbers indicate that the re-sale market in Durham Region is very strong, healthy and balanced,” adds Marquis.