Durham Region Real Estate Market Report: April 2019

The spring real estate market is heating up in Durham Region. While stats vary slightly from city to city, the Region is experiencing upward trends overall across the board. Here’s a glimpse of how the market fared throughout the month of April. Stats are compiled from TREB Market Watch data.

 

There’s A Good Amount Of Movement

The late arrival of the warm weather can’t keep Durham Region down. Both the number of new listings and homes sold are up! That’s great news for a market that was slower than anticipated throughout the beginning of the year. In a year-over-year comparison, we saw a 4.4% increase in the number of new listings and a 14.5% increase in the number of sales.

 

What’s A Home Worth This Month?

Home values in the Durham Region are trending upwards this month! Overall we saw an increase of 0.4% compared to the same time last year. The average home price in Durham was $609,813 in April 2018 and has jumped to $612,195 this April.

 

How Long Are Homes Staying On The Market?

All-in-all, homes in Durham Region are spending an average of 20 days on the market. Which is on par with last year. While it may seem long in comparison to the peak of the market where homes were being sold before a sign even went up, 20 days is still a reasonable turnaround for the market conditions.

 

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