The Durham Region Association of REALTORS® (DRAR) President Vicki Sweeney reported 1,515 residential transactions in August, a significant 45 per cent increase from August 2019.
The number of new listings increased on a year-over-year basis by 19 per cent reaching 1,839 new listings in August.
 
“Our market has experienced a strong rebound as home sales continue to hit record results this summer,” said DRAR President Vicki Sweeney.
 
“There is an increased demand for housing and we’re seeing this activity reflected in the average days on market. In August, the average days on market reached 14 in comparison to the average of 29 days reported in August 2019.”
 
The average price in Durham Region reached $734,136 a 19.5 per cent increased compared to the same time last year. On a month-over-month basis the average price increased slightly by 3.5 per cent.
 
The MLS® Home Price Index Composite Benchmark was up by 15.06 per cent in August 2020....

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Durham Region Real Estate Market Update

The Durham Region Association of REALTORS® (DRAR) President Vicki Sweeney reported 1,583 residential transactions for the month of July, representing a significant 52 per cent increase from the same time last year.

The number of new listings in Durham Region reached 1,905 in July, a slight increase on a month-over-month basis from June. The days on market saw a large decrease compared to the same time last year from 23 to 16 days on market in July 2020.

“The real estate market in Durham Region is seeing an increase of activity during this summer market. The number of residential transactions increased significantly on a year-over-year basis in July,” said DRAR President Vicki Sweeney.

“The average price in Durham Region reached a record high for July at $709, 640. Although the market is busy and many areas are now in Phase 3, REALTORS® are encouraged to continue to practice safe measures and follow health official guidelines....

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