The Durham Region Association of REALTORS® (DRAR) reported 875 sales in August 2009, down 15% from July 09’s 1033, but up 15% from the 746 recorded in August ‘08’.
Average selling prices were down 2.2% ($278,400) in August, from July’s $285,247, but up 2.8% from the reported $270,802 reported in August ‘08’.
“Home sales are stronger then expected,” commented Debbie Dawson, 2009 DRAR President. “The drop in sales from July to August is consistent with market history. Housing sales usually drop in August as most clients go on vacation or are busy getting children ready for a new school year.”
“Total active listings are down 34.6% (1865) from August 08’s 2849,” reported Dawson. “There is now a demand for resale homes in various price ranges within Durham. The demand is also keeping the average selling price up from the same time last year.”
