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2015 Record Year For Durham Region Home Sales

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

What a great year 2015 turned out to be for Durham Region home sellers!  Buyer's, however, struggled with low inventory as we experienced a Seller's Market. 

Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported a record number of sales in 2015. “There were 11,848 residential transactions in 2015, 9.3 per cent higher than the number of sales in 2014”. This result includes 548 sales that took place in December 2015. “The number of new listings was only up 3 per cent in 2015 compared to 2014 as a whole”, reported O’Donohue. “The high number of sales compared to a lower number of listings created a substantial amount demand within the market”.

In addition to rising sales, Durham experienced a strong increase in price growth. “The average selling price for Durham Region in 2015 was $442,082”, reported O’Donohue. This represents a 12.9 per cent increase from $391,692 in 2014. The average selling price for the month of December 2015 was $451,671.

 

December 2015 Durham Region Market Stats

For more Durham Region statistics, please visit Durham Region Current Market Statistics

Posted by

Dianna Mandzuk

Sales Representative

 

RE/Max Circle of Legends Award Recipient

(One of RE/Max's Highest level of Performance Achievement Awards)

Certified Luxury Home Marketing Specialist

Canadian Staging Professional

30 years serving your real estate needs!

RE/Max Jazz Inc., Brokerage

Each Office Independently Owned & Operated

Direct 905-433-2579

Office 905-728-1600

www.dmandzuk.ca

dianna@dmandzuk.ca

 

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