APRIL HOUSING MARKET CONTINUES TO BE STRONG
DURHAM REGION April 20, 2010 – The Durham Region Association of REALTORS® (DRAR) reported 503 sales in the first half of April 2010, an increase of 33% from the 378 sales reported mid-month in April ’09. Year-to-date sales are up a whopping 53% to 2,912 compared to 1,903 sales during the same term in 2009.
“The average selling price for single family homes has also experienced a sharp increase over the prior year” Dierdre Mullen, President of the Durham Region Association of REALTORS noted. “With an April 2010 mid-month total of $303,945, that is 11% higher than the $273,480 reported mid-month for April 2009. However, the expectation is that the average price will soon stabilize as more new listings continue to be added to the market to match the demand.”
Durham REALTORS®, We Work Where You Live. To contact a local Durham Association REALTOR® for more specific and local housing statistics or search for a weekend open house or listings in your neighbourhood, please visit www.DurhamRealEstate.org.
