June shows sales up 15% over June, 2008!
Author: Bernice McNutt // Category: Durham Region Real Estate| Sales of single family dwellings in the Durham Region are up 8.6% (1115) in June, 2009 from May, 2009 which had 1026 reported sales and they are up 15% from the 967 reported sales in June, 2008. Average selling prices are up 1.2% ($281,765) in June from May’s $278,592, and down only .5% from the reported $283,012 in June ‘08.
Although many records were set in last year’s houseing market, they can be contrifuted to far better economic conditions. To see records being set in what was forecasted to be a slow market, showes that despite the current economic conditions, buyers are confident that better times are to come. Total active listings are down 11.7% (2276) from May’s 2579, and down 27% from June, 2008′s 3118. The summer market tends to slow as buyers head off to their vacation destinations but June’s numbers have shown no signs of a weak summer market. In fact, what was once a buyer’s market in 2009 has now turned into a seller’s market with listings down and sales up! |
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