Tom Kahler Real Estate
39 Temperance St. L1C 3A5 Bowmanville, ON, Canada

Here is a list of November’s average selling price.

Sending good wishes to you and your families. Happy Thanksgiving !!

DRAR President Vicki Sweeney Royal Lepage Frank Real Estate reported 1,492 residential transactions in September 2020. The number of transactions reported in Se...ptember represents a substantial 56 per cent increase from the same time last year. The number of new listings in #DurhamRegion reached 1,873, a slight increase from the 1,839 report in August. Durham Region continues to see record lows for days on market with an average of 12 days on market reported in September. As we enter the fall market, we are continuing to see an active housing market in Durham Region. The average price in Durham reached $734,038 in September a significant 20 per cent increase from September 2019, said DRAR President Sweeney. The September 2020 MLS Home Price Index Composite Benchmark was up 17.07 per cent year-over-year. The Composite Benchmark price was $666,500 in September 2020. Extremely low borrowing costs and pent-up demand from the early spring shutdown, has resulted in substantial year-over-year increases in Durham’s housing market. Further improvements in the economy will continue to support strong home sales moving forward. It is important to note, the demand for housing remains strong and increased housing supply is imperative, said Sweeney. The housing market recovery experienced over the past few months benefits the broader economy from the spin-off expenditures from home sales. The demand for housing and the economic impact from home sales will continue to drive us through to the post-COVID economic recovery. Although real estate continues to be an essential service, REALTORS are encouraged to continue to use virtual tools and practice safe business procedures. REALTORS need to be leaders in their communities and should only be using in-person open houses as a last resort when selling a home. We must continue to put the health and safety of our communities first by using virtual tools, said President Sweeney.