Durham Region Association of REALTORS® News

JULY 28, 2009 – The Durham Region Association of REALTORS® (DRAR) reported 441 sales in the first half of July ’09, an increase of 11% from the 396 sales reported at the same time last year.

“Last month we saw an increase in sales and average selling prices,” commented Debbie Dawson, 2009 President Durham Region Association of REALTORS®. “And July’s mid-month housing report doesn’t disappoint. With sales up and average selling prices up 6% ($287,381) from the $271,890 recorded in July ’08 the Region’s housing market is still going strong.” 

For more information and or to check out Durham’s weekend open houses  please visit:  www.durhamrealestate.org

DURHAM REGION JULY 7, 2009 – “Sales of single family dwellings are up 8.6% (1115) in June 2009 from May’s reported 1026 sales, and up 15% from the reported 967 sales this time last year,” commented Debbie Dawson, 2009 Durham Region Association of REALTORS® (DRAR) President.

Average selling prices are up 1.2% ($281,765) in June from May’s $278,592, and down only .5% from the reported $283,012 in June ‘08.

“Although many records were set in last year’s housing market, they can be contributed to far better economic conditions,” said Dawson. “To see records being set in what was forecasted to be a slow market; shows that despite the current economic conditions, buyers are confident that better times are to come.”

Total active listings are down 11.7% (2276) from May’s 2579, and down 27% from June ‘08’s 3118.

“The summer market tends to slow as buyers head off to their vacation destinations but June’s numbers have shown no signs of a weak summer market,” commented Dawson. “In fact what was once a buyers market in 2009 has now turned into a seller’s market with listings down and sales up.”

Durham REALTORS®, We Work Where You Live. To contact a local Durham Association REALTOR® for more specific and local housing statistics or search for an open house, please visit www.DurhamRealEstate.org.