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Steady Housing Market in Durham Region
Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 982 residential transactions and 1,488 new listings in September 2015. “The number of sales and new listings is almost exactly the same as September 2014,” commented O’Donohue. “However, through the first 3 quarters of the year, we have seen a 10 per cent increase in the number of sales compared to the same period of 2014,” added O’Donohue.
The average price for resale homes in the Durham Region for the month of September was $438,462, up 9.1 per cent from $401,713 in September 2014. “We have seen a steady increase in sale prices throughout 2015 in comparison to last year,” commented O’Donohue.
“This year, we have seen sellers benefitting from higher sale prices while buyers have benefitted from low interest rates,” explained O’Donohue. “This balance makes Durham Region a great place to invest and to live”.
Source: DurhamREI News
About the Author Quentin DSouza
Quentin D’Souza is the Chief Education Officer of the Durham Real Estate Investor Club. Author of The Action Taker's Real Estate Investing Planner, The Property Management Toolbox: A How-To Guide for Ontario Real Estate Investors and Landlords, The Filling Vacancies Toolbox: A Step-By-Step Guide for Ontario Real Estate Investors and Landlords for Renting Out Residential Real Estate, and The Ultimate Wealth Strategy: Your Complete Guide to Buying, Fixing, Refinancing, and Renting Real Estate.
