Impressive Sales Growth for Durham Region
DURHAM REGION - January 2010 - The Durham Region Association of REALTORS® reported their third best year in sales in the Association's history. Statistics show 9162 sales of single family homes in 2009, a 7% increase over 8563 in 2008 with the highest year being 2007 with 9978 sales. Sales for the month of December came in at 507 down 27% from November's 695.
Year over year average prices gained by 1.8% to $278,246 from $273,370 in 2008 even though the average price of a home in Durham Region in December was $286,724.
The total number of active listings continued to drop in 2009 to 15109, 18.6% lower than the18570 in 2008.
'The resale housing market was slow at the beginning of the year but kept building to record sales in July, September, October and December' commented President Dierdre Mullen.
"I predict that 2010 will be a positive year for real estate sales and we should see moderate growth in this important sector of our economy"