DURHAM REGION – March 7, 2019 – Durham Region Association of REALTORS® (DRAR) reported 585 residential transactions in February 2019 this represents a 15.16 per cent increase on a month-over-month basis. Residential transactions in February 2019 decreased from the same time last year by 3.15 per cent.
The number of new listings reached 1,140 in February, a 5.16 per cent decrease from February 2018. The number of new listings decreased by 3.47 per cent from the same time last month. The average selling price in Durham for the month of February was $580,743 this is a moderate increase from January 2019. The average selling price for all home types decreased 1.8 per cent on a year-over-year basis.
The average Days it took to sell a home in Durham Region in February this year was 24. That’s the same as it was in February 2018.
The average selling price in February in Durham Region was $580,743 and last year it was $591,404. That’s a slight decrease over last February.
Homes in the Durham Region are selling on average for 98% of the asking price which is the same as last year.
For a complete breakdown for Ajax, Brock, Clarington, Oshawa, Pickering, Scugog, Uxbridge, and or Whitby, contact TheMashTeam at Linda@themashteam.ca. We will gladly share this information with you.