“Sales of single family dwellings are up 8.6% (1115) in June 2009 from May’s reported 1026 sales, and up 15% from the reported 967 sales this time last year,” commented Debbie Dawson, 2009 Durham Region Association of REALTORS® (DRAR) President.
Average selling prices are up 1.2% ($281,765) in June from May’s $278,592, and down only .5% from the reported $283,012 in June ‘08.
“Although many records were set in last year’s housing market, they can be contributed to far better economic conditions,” said Dawson. “To see records being set in what was forecasted to be a slow market; shows that despite the current economic conditions, buyers are confident that better times are to come.”
Total active listings are down 11.7% (2276) from May’s 2579, and down 27% from June ‘08’s 3118.
“The summer market tends to slow as buyers head off to their vacation destinations but June’s numbers have shown no signs of a weak summer market,” commented Dawson. “In fact what was once a buyers market in 2009 has now turned into a seller’s market with listings down and sales up.”
Tags: Durham Region, Oshawa real estate