Overview Of November’s Real Estate Market In Durham Region

With a slower than expected fall season, the market gained steam in last month. Here’s a recap of how the market fared throughout November 2018 with numbers put together by the Durham Region Association of Realtors.

 

Transactions Are On A Downward Trend From Month-to-Month

We’re trending towards a less competitive marketing this fall with transactions in November 2018 on a downward trend from last month. Stats show that the number of real estate transactions is down 8.5% in comparison to October 2018.

 

Year-Over-Year Comparison

While the number of transactions is down 16.9 percent in a year-over-year comparison, the average selling price is up. 2.7% to be exact. The average selling price of a home in the Durham Region throughout November 2018 was $590,403

 

Best Bang For Your Buck In Durham

Oshawa, Brock and Clarington continue to be the most fairly priced districts in the marketing. Average pricing in these three rang in at just under $550,00 so if you are on the hunt, this might be your best place to start. Where is the most expensive? Uxbridge and Pickering continue to be the most pricey on the market with an average selling price of over $700,000.

 

What’s Next For The Market

With the end of 2018 brings new wins and challenges for the Durham Region real estate market in 2019. If you are looking to buy or sell, there is still plenty of time in 2019 to get the ball rolling. Contact us today and experience the difference.