Trends In The Durham Region Real Estate Market Throughout February 2018

With February come and gone, it’s time to review the trends we saw in the Durham Region real estate market throughout February 2018.

 

Listings Continue Upward Trend

Throughout January the Durham Region real estate market saw 1202 new listings. That’s almost a 26% increase over January 2018 which saw 954 new properties on the market.

 

Transactions Are Up

While the market is down from this time last year, overall in February 2018, real estate transactions were up 28.5% from the previous month. This is great news if you’re a seller looking to have your home sold quickly!

 

Steady Climb In Values

The Durham Region real estate market has continued its steady growth in listing prices. The average selling price in Durham has climbed almost $13,000 from January to February of 2018, further reinforcing that this market will stay on the rise for months to come. And, there isn’t a lot of wiggle room as the average listing to sale price was at 98%.

 

In Other News

The work of Realtors has paid off and the Province’s proposed Home Energy Rating and Disclosure program will not be moving forward. This would have required sellers to have a home energy audit completed before listing their home and the score included on their MLS listing.

 

Looking to buy or sell in 2018? Reach out to the us to get started today!