Sales numbers decreased by 2.3% Y.O.Y.
Months of Inventory increased from 2.28 in February 2018 to 2.5 in 2019.
Prices performed poorly within Durham's major markets Y.O.Y.
Average prices increased only in Ajax (0.3%) Y.O.Y.
Average prices decreased in Clarington (-1.1%), Oshawa (-4.5%), Whitby (-4.9%) and in Pickering (-5.3%) Y.O.Y.
Sales numbers increased by 15% from January. Last year we saw an increase in sales numbers by 28.2% between Jan 2018 and Feb 2018.
Months of Inventory dropped from 2.65 to 2.50 from Jan 2019 to the end of Feb 2019.
Prices did not perform as well M.O.M in Durham even though sales numbers were positive.
Average prices increased in Whitby (4.9%) and decreased slightly in Clarington (-0.6%), Oshawa (-0.4%), and Ajax (-0.3%) M.O.M.
Average prices decreased in Pickering (-5.9%) M.O.M.
Despite increased sales numbers M.O.M and a large decrease in Days On Market from 32 down to 24 days on average, prices have remained stagnant. Overall the Durham market has remained healthy and looking forward to a hot spring market with interest rates unlikely to increase in the near future. The warmer weather will continue to bring both buyers and sellers into the market.
If you’re looking to buy or sell, get more info on market trends or if you want to discuss Real Estate in more depth…Let’s get in touch today!