Durham Region Real Estate Daily Market Update
Last updated July 25, 2025, 10:25 a.m.
Durham Region Real Estate Market Report - monthly
The Durham Region real estate market is in balanced market territory as we approach the end of July.
Mortgage Rates and Market Dynamics:
Lower Mortgage Rates: A significant decrease in mortgage rates has increased buyer activity.
Inventory Levels: Rising inventory levels relative to sales volume have created a more balanced market, with some segments selling quickly due to high demand and low supply.
Seller's Strategy for Summer 2025:
Realistic Pricing: Sellers, especially in higher price ranges, northern areas, and condos, should price properties competitively. With fewer multiple offers, realistic pricing is key.
Market Presentation: A strategic approach to presentation and exposure is crucial to attract potential buyers.
Sales and Inventory Trends:
Sales Volume: Sales levels are dropping, in line with seasonal trends. Expect the coming weeks to fall further as the summer continues. Homes in higher price ranges are now getting more showings and sales.
Inventory: Listing levels have risen to highs not seen since 2009. There are more options for buyers out there.
Current Market Conditions:
Multiple Offers: Fewer properties are being sold with multiple offers.
Price Alignment: Selling prices align closely with list prices, showing a competitive market. Selling prices relative to list price are higher, but still averaging below list price, especially in the southern Durham Region.
Interest Rate Movements:
Bank of Canada's Overnight Rate: The benchmark rate was held at 2.75% on June 4. The current rate is down by 2.25% from the 5.00% level before the latest series of cuts. The next announcement is scheduled for July 30.
Five-year insured fixed mortgages are now being offered as low as 3.94%. Five-year insured variable rates are now as low as 3.95%.
By staying informed of these market trends, buyers and sellers in Durham Region can make informed decisions in the summer real estate market.
Supply ranges from low to moderate, with 4.0 months of inventory (MOI) for the entire region. At the current pace of sales, with no new listings, all inventory would be sold within this time frame.
Durham Region Real Estate Market July 2025
In July, transactions for all types of homes reported thus far had sale prices averaging 868,066 in Durham Region, with the average property selling at 98.8% of list price (SP/LP). This is down 2.1% from last month and down 5.2% from last July.
Durham Region currently leads the Greater Toronto Area based on buyer competitiveness (highest sale price to list price ratio, lowest days on market) and affordability (lowest average sale price).
Here is a chart showing the average daily selling price of detached homes over the past two months: Prices have been stable recently, though the average is declining at a slow pace.
The following map reflects this month's average selling price of detached homes, which is just under 975,000.
Most communities in South Durham are showing sales at levels below list price. The following chart shows how this metric has been easing since early 2025 across the region.
Some listings at low to mid-price points are posted with offer dates, and no offers will be considered until that date. This is intended to pressure buyers (when there is a perceived shortage of listings) and generate multiple offers.
The selling price to list price ratio (SPLP) has averaged below the 100% mark, indicating that most homes sell under their list price. This signals that most of the time, one offer is placed on properties, signalling that multiple offer scenarios are becoming less common.
Note the blue bars in the chart, which demonstrate SPLP averages below 100%, versus the red bars, indicating averages above 100%. Those blue bars are becoming more dominant, indicating that buyer competition on listings has declined (except at lower price points, excluding condos).
Days on market (DOM) are averaging 25.4 this month. DOM is the number of days it takes for a property to be sold firm, or without any remaining conditions.
This figure typically rises in the winter season and is lowest during the spring peak. It’s currently quite low, indicating that buyer demand is high.
Should new listings rise faster than current sales, there would be more inventory for the pool of buyers to choose from, which lowers the sale price to list price ratio and months of inventory, which brings us closer to a balanced market.
Listing inventory has reached levels not seen since 2009. This makes for a great opportunity for buyers with lots of options to choose from. For sellers, it presents opportunities for those who are well prepared and priced properly. For others (with unrealistic expectations), it will introduce challenges.
The high number of active listings in some segments makes having a strong plan essential when selling a property. When listings are more scarce (lower price points, excluding condo apartments), prospective buyers must reduce expectations on location, property condition, etc. They will also be pressured in competitive situations to remove conditions on their offers.
The sales rate is down by 2.7% compared to last month and up 4.0% versus last July, with 26.0 daily transactions.
The following chart shows the daily sales volume for the past 2 months.
Buyers will find multiple offer situations in some locations, particularly at lower price points. They are highly advised to get prepared - have their mortgage preapproval ready before looking at homes, and be prepared to view homes via photos and virtual tours as soon as they reach the market. With interest rates dropping and mortgage rules changing, knowing your options is more important than ever. Speak with your agent to discuss the process to move forward.
Sellers should plan to put their homes on the market soon and work with their agents to set them apart from competing listings while reaching the widest possible audience. This is particularly important at mid to high price points.
If you are interested in seeing values for an area not shown or are interested in other figures, please comment below or contact me. As always, reach out anytime to discuss this further without obligation.
More Durham Region and Area Real Estate Articles
Ontario Property Tax Rates by Municipality 2025
Durham Region Market Report - June 2025
Property Tax Calculator for Durham Region
My other blogs contain market reports and information for surrounding areas—see the menu for details.
About the Author
John Owen, Broker, RE/MAX Impact
John is an award-winning RE/MAX broker based in Courtice, ON, serving a wide area from east GTA to Northumberland.
Direct - 905-434-0067
Email - johnowen@remax.net
Member - RE/MAX Hall of Fame, Canadian Real Estate Association, Ontario Real Estate Association, Toronto Regional Real Estate Board.
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