MLS Real Estate Statistics for Durham Region
(including Whitby, Brooklin and Oshawa)
Things are finally balancing out in the world of Buying and Selling. With almost double the amount of homes on the market in Durham Region from the same time last year, means Buyer feeding frenzies are, for the most part, a thing of the past. This also means that Buyers have much more opportunity to include the conditions that protect them and still have a great chance at getting an accepted offer.
Sellers need not have concern provided they follow the professional guidance of their Realtor® when listing their biggest asset for sale. It is my opinion that this shift can be a good thing for Sellers too as conditions like Financing can offer peace of mind that the Buyers Lender has done their checks and balances to ensure the home closes without delay.
More than ever, it is vital to have a professional Realtor® by your side!
Savvy home owners who are considering Selling their home are working with their Realtor® early to place themselves in the optimal marketing position. Making certain the property is professionally represented and attractively presented will go a long way to achieving a faster sale for the most money while enjoying the process along the way. If you want to get moving, contact Linda today!
Future home owners dreaming of Buying and making an important investment in a home are wise to establish a connection with their Realtor® right away to ensure they are well represented and properly prepared for the road ahead. This forward thinking will be a key advantage when they walk through that potential "home sweet home" with their Realtor® by their side.
Whether you are looking to Sell, Buy or simply interested in keeping up to date on the Durham Region housing market, the following data may be beneficial to you.
Below you will find some of the various Durham Region Real Estate statistics gathered from the Toronto Real Estate Board's MLS System "Market Watch" report. The data compares the current market facts with the same time last year:
H The number of detached homes available for sale is up considerably with 2460 new listings in the Region of Durham overall compared with a year ago showing new listings at only 1329 homes. With over 1000 more homes actively for sale this year, the length of time a home sits on the market now understandable.
H Currently, the average asking price for a home in the Region of Durham is $718,780 in comparison with the average asking price for back in 2016 of $583,382. An increase of over $135,000 in one year! Let's go back even further to 2015 where the average asking price was $501,930.
So, if you are thinking of making a move to sell or to buy a home, contact your Real Estate professional now to begin the process. You'll be glad you did!
If you should have any Real Estate questions, whether big or small, please feel free to contact me. I appreciate the opportunity and am always glad to help.
HAVE LINDA BECOME YOUR REALTOR® LONG BEFORE YOU NEED ONE, AND SHE'LL BE RIGHT THERE FOR YOU WHEN YOU DO!
Want to review the current Real Estate documentation you will likely be asked to sign when purchasing a home or placing your home up for sale? Check out my "understanding Real Estate forms" guide.