DURHAM REGION: October’s average number of sales for Durham of 1047 is an increase of 4% from 1006 in September 2021.
Sales increasing in the fall have remained steady while the price for the average sale rose slightly in October to $988,354 compared to $968,131 the previous month.
Durham Region Association of REALTORS® (DRAR) President-Elect Meredith Kennedy reported 1,047 residential transactions for the month of October 2021 representing a 31.5 % decrease from the red-hot market this same time last year. 1,314 new listings reported in October which represents a 15% increase from September shows a steady upward trend over the last few months in 2021.
“Durham Region’s fall market is still very busy with increase in both listings and sales trending each month. The fall market seems to be balancing compared to last year but still showing that Durham Region remains a popular and desirable location for home buyers.” stated DRAR President-Elect Meredith Kennedy According to a recent survey conducted by Nanos Research on behalf of DRAR, it was found that two in three Durham residents consider the region to be a good place to raise a family.
Conversely, it also emphasized on the issues relating to affordable housing, healthcare, public transit and tough job market in the region.
For this reason, we continue to work with our Federal, Provincial and Municipal leaders to find solutions to the challenges faced by Durham Region Association of REALTORS® and their buyers and sellers.
Durham Region Association of REALTORS® said that it continues to support its local community through the Ontario REALTORS Care® Foundation. Their summer golf tournament fundraiser raised $11,900 for Achieving Beyond Brain Injury which creates much needed awareness of Pediatric Stroke, and celebrates Pediatric Stroke and Brain Injury Survivors by providing post-secondary scholarships.