“Sales activity in the market has been very strong. We are seeing an increase of sales consistently and low interest rates,”
It's a New Day and a New Month. Days are getting longer and summer is fast approaching. Real Estate is still very active in the Durham Region and we are…
Housing Report 2019 by The Mash Team | The Mash Team http://22.214.171.124/?p=9753 The average selling price for a home in Durham Region was $611,242. Just 5 years ago the the average selling price was $391,692. Everyone knows that 2017 was a record year for home prices and last year we were just 3% under the record sale price in our area. Lets look at our sales history compared to 2019. The highest sale year was in 2016 with 12,654 transactions, 2015 recorded the next highest at 11,848 transactions and 2019 recording 10,634 transactions.
As we're sure you're aware, mortgage rates are relatively low at present. So if you've given any serious thought to renegotiating your mortgage, now might be a very good time to do it. That said, if you do decide the time is right, we understand that you might be comfortable continuing to use the same financial institution you always have.
Durham Region Association of REALTORS® (DRAR) reported 956 residential transactions in September 2019. This result represents significant year-over-year sales growth of 24% compared to September 2018.