Trends In The Durham Region Real Estate Market Throughout March 2018

Welcome to April! It’s that time again – here are the trends we saw in the Durham Region real estate market throughout March 2018.

 

The Spring Market Is Open

We’re ringing the bell as the spring real estate market officially opens for business. In comparison to February 2018, the Durham Region real estate market saw a drastic 46% increase in new listings bring the total up to 1755.

 

Year Over Year Comparison

Although the average selling price is down from the peak of last years’ hot housing market, the prices across Durham Region continue to rise. All in all the market is continuing an upward trend and overall in great condition. Albeit down from last year, the number of listings, number of transactions and sale prices all continuing to rise in comparison to January 2018.

 

Now Is the Time To Sell

It’s no secret that the spring market is the ideal time to sell your home. But in the event that you need more convincing, we’re here to tell you that homes are moving faster now than at the start of the year. Listings that were sitting for 30 days on average are now moving at a pace of 18 days.

 

Spring will come and go before we know it and we don’t want you to miss out. We ready to work for you, give us a call today!