Durham Region Real Estate Blog

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Durham Region Real Estate Prices 2020


Last update - 3/3/2020 - scroll to bottom for details


Durham Region's real estate market opened 2020 with prices and sales volume at higher levels than last year and last month.


This is highly unusual, as prices normally follow a pattern of peaks in the spring season and lows in the winter months.


Sales volume has also picked up in pace, which is indicative...

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What Types of Real Estate Market Are There?


There are three types of real estate markets. A seller's market, a buyer's market and a neutral market.


Seller's Market


A seller's market is when market conditions favour sellers over buyers.


Generally speaking, it is when there is a higher demand for houses for sale than there is supply. A low inventory...

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long line of buyers in durham
 
If you have been sitting on the fence waiting for spring to sell your house, you're not alone.
 
In most years, buyer activity is lower during the winter months, with prices following the decline in activity. This year, however, prices continue to rise, even as sales volume declines.

Why would that happen? There's simply not enough supply...
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Durham Region Real Estate 2010 to 2019 performance
 
Anyone watching the Durham Region real estate market over the last decade would likely agree that there was a lot of growth, along with a healthy dose of pessimism at the prospects of a catastrophic market crash due to the continued rise of prices throughout the period.
 
Thankfully, that crash so often speculated by the media, economists...
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Durham Region Real Estate Prices 2019


Last update - Jan 31, 2020 - scroll to bottom for details

January full report coming on February 6 by noon!


Durham Region's real estate market closed 2019 with prices at their highest level of the year in December.


This is highly unusual, as prices normally follow a pattern of peaks in the spring season and lows in the winter months.


Sales volume patterns...

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With only a couple of weeks left in 2019, a lot of speculation is coming out from media outlets and industry on how they expect 2020 to do for the real estate market.

Unsurprisingly, there are a number of 'experts' foretelling yet another crash of the market. If the recent market performance as winter descends upon us is any indicator, expect a strengthening...

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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.