Durham Region Real Estate Market Report For July 2020

Even though we’re at the mid-point of summer, it still feels like a hot spring market here in Durham Region. Listings are continuing to move rapidly, with a good amount of them being sold before they even hit Realtor.ca. While the middle of the summer is typically a more quiet time in the Durham Region real estate market, we’re seeing a year-over-year increase in new listings. This is largely due to the late start we had in the spring market due to COVID-19.

Overall, the lack of inventory is still playing a significant role in lifting average prices across the Region. Average pricing through Durham saw a jump of 17.3%, which equates to just under $105,000 if you prefer to look at it as a dollar value. This is a trend we’re monitoring closely as some experts are still predicting a drop in prices as the economic fallout from the pandemic progresses.

Durham Region

Pickering

Ajax

Whitby

Oshawa

Clarington

This market is extremely competitive and you need the right agent by your side to help. Ready to make your next move? We can help. Give us a call today!