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Strong Start to 2016 for the Durham Region Real Estate Market

By Dianna Mandzuk

Real Estate Agent with RE/MAX Jazz Inc., Brokerage

February 15, 2016 05:19 AM

Strong Start to 2016 for Durham Region Home Sales

DURHAM REGION, February 4, 2016 –Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 508 residential transactions in January 2016. “We are right on par with the number of sales in January 2015, however, the number of listings has decreased substantially”, reported O’Donohue. There were 788 new listings that entered the market in January 2016 compared to 884 in January 2015.

The average selling price in January 2016 was $446,117, a 9.2 per cent increase from January 2015. “The decrease in the number of listings entering the market has created upwards pressure on sale prices across the Region”, explained O’Donohue.

“There is strong demand for home ownership in the Durham Region which is demonstrated by the higher number of sales and the climbing sale prices,” explained O’Donohue. “Even with the robust price growth, we can see that buyers continue to view home ownership within the Durham Region as a great long-term investment”.

The Dianna Mandzuk Team also had a fantastic 2015 with 190 successful transactions! That's a lot of experience dealing with all aspects of a home purchase or sale. Click here to read what our clients have to say about working with us!