AUGUST 7, 2009 – Sales of single family homes in the Durham Region are down 7% (1033) in July ‘09’ from the recorded 1115 in June ‘09’, but up 16% from the 891 sales reported in July ‘08’. Average selling prices are up 1.2% ($285,247) in July, from June’s $281,765, and up 3.7% from the reported $275,139, in July ‘08’. “First-time buyers and the Bank of Canada rate cuts have helped restore stability to a market that slumped from late 2008 to early this year,” commented Debbie Dawson 2009 President of the Durham Region Association of REALTORS® (DRAR).
View post:
BUYERS MARKET NO MORE IN THE DURHAM REGION