DURHAM REGION AUGUST 20, 2009 – The Durham Region Association of REALTORS® (DRAR) reported 417 sales in the first half of August ’09, an increase of 19% from the 349 sales reported mid-month in August ’08.
“The average selling price climbed 3% ($281,223) from the $272,788 recorded at the same time last year,” said Debbie Dawson, 2009 DRAR President. “As we start the third-quarter Durham Region’s housing market is booming. With a 35% (1,929) decrease in inventory from the reported 2,972 active listings on market in August ’08 and steady average selling prices, the market which was favorable to the buyer is now opening its doors in favour of the seller.”
Check out more detailed statistics and weekend open houses at www.DurhamRealEstate.org
