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DRAR reports an increase in August real estate sales

DRAR reports an increase in August real estate sales

DURHAM REGION, September 6, 2017 – Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 822 residential transactions in August 2017, a 9.75% increase over the previous month.

August also saw a 16.2% increase in the number of new listings in Durham (1,497), compared to the 1,288 new listings reported in August 2016.

“We continue to experience a healthy balanced market,” said Bouma. “The average house price in August in Durham is $587,172, which is down 16.5% from the highs reached in April, but slightly higher (3%) than the previous month of $569,748 and an 8.3% increase over the same period last year.

“Home ownership continues to be a good investment,” said Bouma. “It remains the only investment that you can live in, raise your family and make memories, while ensuring a nice return over time.” He added, “Durham Region continues to be a great place to buy, offering some of the best real estate value in the GTA.”

Durham REALTORS®, We Work Where You Live. To contact a local Durham Association REALTOR® or to search for a weekend open house or listings in your neighbourhood, please visit www.DurhamRealEstate.org

Read the full report here.