Yar The Realtor
1032 Brock Street Unit # 6 L1N 4L8 Whitby, ON, Canada

Supporting our liberal party of

Hello, how is everyone doing with extreme cold?

Greater Housing supply moderates Durham's Price growth. The Durham region Real Estate Board reported 997 residential transactions in June 2017, a 32 per cent decrease from the same time last year. June also saw the number of new listings in Durham decrease month-over-month to 2,639, down from a high of 3,271 new listings in May, but higher than the 1,755 new listings in June,2016. We are continuing to see strong growth in new listings compared to last year. this increase in h...ousing supply has resulted in the moderating of sale prices, and buyers continue to benefit from the better value and the improved selection available in Durham Region's Marketplace. The average selling price in Durham reached $615,064 last month, which reflects a 13% increase over the average of $542,314 during the same period last year, but a 6 % decrease from the $ 652,963 average selling price in May. The market seems to be balancing out in the second half of 2017. Similar to last month, buyers are enjoying the opportunity to buy without having to compete in multiple offers situations, while at the same time sellers are appreciating their increase in equity over the last few years. Durham Region continues to offer the best home value in the GTA, and I suspect this combined with our increase in inventory will keep buyers coming east. The expectation of an increase in interest rates might encourage some to act sooner, rather than later. Dan Goldsmith Right At Home Realty Inc. See more