Gains continue even as the Finance Minister, Media and CMHC try to cool the housing market. Each market in the Durham Region continued to see modest average price gains and we outperformed last years numbers. There was a 13.36% increase in the number of homes sold Year-Over-Year in the month of October. Although the numbers look good, it is important to keep in mind that these very recent changes may not be clearly visible in such a short period of time. We will continue to watch the market through November and as always, I will provide you with key updates.
September Market Update
Another month in the books and we seem to be on track.There is no question that Year-Over-Year we are in great shape, with growth in all major markets between 15-24.8%. It has been another exceptional year for the Real Estate market in the Durham Region.
August Market Update
The Real Estate market remained strong through the summer. Prices continued to make some outstanding gains. Although we gained less than 1% per month throughout most markets in the Durham Region, those gains are promising in relation to last summer. Our typical summer slow down occurred but in comparison to last year we are ahead in most markets. Clarington witnessed some great summer price gains especially relative to last years drop in average home prices during the same period. It looks like buyers and sellers are gearing up for a hot fall market.