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Impressive Sales Growth for Durham Region

January 11, 2010 - Updated: January 11, 2010

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"

Tagged with: resale market sales growth real estate durham region
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