Spring Housing Market Heats Up in Durham Region

DURHAM REGION, May 7, 2012 – “Sales figures in the Region continue to climb with the temperatures. April saw modest gains of 3% in sales over March with 1,214 sales. This brings our year-to-date sales to 3,755 for the region,” explained Christine Marquis, President of the Durham Region Association of REALTORS®.

The average selling price in Durham Region also increased to $340,820, up 3% from $330,481 last month. This brings our year-to-date average selling price to $330,379. “Durham Region continues to be a very affordable place to live with a variety of housing types and price points to choose from,” adds President Marquis. The highest average prices in the region were seen in Uxbridge with an average selling price of $516,474.

Active listings are up 6.5% in April to 2,056 available re-sale homes compared to 1,932 at the end of March. Oshawa and Clarington have the highest inventory of available homes at 409 and 375 respectively.

The Months of Inventory indicator (MOI) is holding at 2.4 for the Region which means that it would take 2.4 months to sell every home that is currently listed for sale (assuming no additional homes were listed).