DURHAM REGION, November 5, 2015 – Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 989 residential transactions and 1,273 new listings in October 2015. “We are right on par with last October in terms of the number of sales and the number of new listings entering the market,” reported O’Donohue.
The average price for resale homes in the Durham Region for the month of October was $444,920, up 13.2 per cent from $393,088 in October 2014. “Throughout 2015, prices have reached an all-time high,” commented O’Donohue. “When we add up the amount of money spent on all resale transactions over the year, we have seen almost 1 billion dollars more in sales compared to last year”.
“It is clear that Durham households see home ownership as a great long-term investment,” commented O’Donohue. “Durham Region remains a great place to work and live”.
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.