Durham Region Real Estate Blog

The Durham Region Association of Realtors® (DRAR) reported 875 sales in August 2009, down 15% from July, 2009′s 1033, but up 15% from the 746 recorded in August, 2008.

Average selling prices were down 2.2% ($278,400) in August, from July’s $285,247, but up 2.8% from the reported $270,802 reported in August, 2008.

Home sales are stronger then expected.  The drop in sales from July to August is consistent with market history.  Housing sales usually drop in August as most clients go on vacation or are busy getting children ready for a new school year.

Total active listings are down 34.6% (1865) from August, 2008′s 2849.  There is now a demand for resale homes in various price ranges within the Durham Region. The demand is keeping average selling prices up from the same time last year.