Durham Region Real Estate Blog

So, we saw the third best year in history for sales within the Durham Region.   Statistics showed 9162 sales of single family homes in 2009, a 7% increase over 8563 in 2008 with the highest year being 2007 with 9978 sales.  Sales for the month of December came in at 507 which was down 27% from November’s 695, but still a very impressive number. Year over year average prices gained by 1.8% to $278,246 from $273,370 in 2008 even though the average price of a home in Durham Region in December was $286,724.  The total number of active listings continued to drop in 2009 to 15109, 18.6% lower than the18570 in 2008.  The resale housing market was slow at the beginning of the year but kept building to record sales in July, Sept., Oct. and Dec.  I predict that 2010 will be a positive year for real estate sales and we should see moderate growth in this important sector of our economy.

Tags: bowmanville real estate, courtice real estate, Durham Region Real Estate, home selling, oshawa real estate, real estate, sell, whitby real estate