Following a brisk April, the Durham Region housing market continued to see growth in inventory through May, providing buyers with more options than in recent years. While prices have remained largely stable, sales activity is softening compared to last spring, suggesting some buyers are still waiting on the sidelines amid ongoing economic uncertainty. Sellers are adjusting their strategies as the market becomes more competitive and balanced. Spring has sprung and so has the housing activity across Durham Region. While inventory is climbing and prices remain steady, the pace of sales is showing signs of cooling compared to last year. Buyers have more choice than they’ve had in recent years, and sellers are adjusting to a more balanced playing field.

Let’s break down what’s really happening across the region.

MARKET OVERVIEW

The Durham Region housing market in May 2025 reflected a noticeable shift compared to the same period last year. While new listings surged by nearly 18%, providing more options for buyers, sales activity eased and average prices saw a modest decline. These trends point toward a more balanced market environment, with longer days on market and a growing inventory signaling increased negotiation power for buyers.

CITY-BY-CITY BREAKDOWN

• Oshawa

Oshawa’s market activity held steady in May with 371 homes sold and 482 new listings hitting the market. The average sale price was $781,748, reflecting continued affordability relative to other Durham communities. With 3.3 months of inventory and homes spending an average of 19 days on the market, buyers had more room to explore their options.

• Whitby

Whitby experienced strong listing and sales volumes in May, with 628 new listings and 514 properties sold. The average price remained solid at $962,053, indicating ongoing demand for homes in the area. Inventory levels and market pace suggest a balanced environment where both buyers and sellers can engage with confidence.

• Bowmanville

Bowmanville’s real estate market showed healthy momentum in May, with 542 new listings and 469 sales across the region. The average sale price came in at $837,758, with homes spending about 17 days on the market. A 3-month inventory and a 101% sale-to-list ratio point to a market that still slightly favors sellers while offering buyers more selection. 

CITY-BY-CITY COMPARISON

Listings Comparison

All three cities saw a rise in new listings year-over-year, with Bowmanville posting the highest increase from 506 to 542. Oshawa and Whitby also experienced notable gains, giving buyers more options in a less competitive environment. This surge in inventory reflects growing seller confidence as we enter the late spring market.

Sales Comparison

Sales declined across the board, most significantly in Bowmanville and Oshawa, suggesting that demand has softened compared to last year. Whitby showed slightly more resilience, but still experienced a dip. These declines may be tied to affordability pressures and cautious buyer sentiment amid steady interest rates.

Average Price Comparison

Average prices fell slightly in all three cities, with Bowmanville and Oshawa seeing modest declines, while Whitby remained relatively high. This downward trend may reflect buyer pushback on pricing and a shift toward negotiation-friendly conditions. Still, overall pricing remains historically elevated compared to pre-pandemic norms.

MOI (Months of Inventory) Comparison

Months of Inventory (MOI) increased across all three cities, signaling a transition toward a more balanced market. With MOI around 3.0 or higher, buyers have more leverage and less urgency to act quickly. This shift benefits buyers while nudging sellers to price more competitively.

Dollar Volume Comparison

Total dollar volume dropped sharply year-over-year in each city, driven by a combination of fewer sales and slightly lower prices. Oshawa and Whitby saw the largest percentage declines, while Bowmanville still posted a strong showing despite the drop. This metric highlights the overall cooling of transaction momentum in the region.

 Days on Market (DOM) Comparison

Homes are taking slightly longer to sell compared to last May, with increases of 1–2 days in all three cities. While still relatively fast by historical standards, this extra time reflects a more thoughtful pace of decision-making. It’s another indicator that the market is returning to a more normalized rhythm.

WHAT THESE MEAN FOR BUYERS AND SELLERS

For buyers, the continued rise in new and active listings across Durham Region offers welcome breathing room and a broader range of options. Homes in areas like Oshawa and Bowmanville are staying on the market slightly longer, and average prices have dipped compared to last year—giving buyers more leverage at the negotiation table. With Months of Inventory rising to around 3.0, conditions are leaning more balanced, helping buyers make informed choices without rushing. Interest rates are stable, and the market pace is far calmer than the overheated climate of spring 2024.

For sellers, properties are still selling close to asking, with average sale-to-list ratios hovering around 100%, but the path to a strong sale now requires sharper strategy. Pricing too high out of the gate may result in extended days on market or missed buyer interest. Sellers who focus on curb appeal, staging, and competitive pricing—especially in high-demand categories like detached homes—can still succeed in this evolving market. The demand is still there, but buyers are more selective and better positioned to wait.

WHAT APRIL 2025 REVEALS ABOUT THE DURHAM REGION MARKET

The Durham Region real estate market in May 2025 continues to show signs of adjustment, with a clear shift toward a more balanced environment. Average sale prices across the region dipped slightly compared to last May—from $954,942 to $905,702—while the number of sales also declined, down from 907 to 850. The most significant change is the surge in supply: active listings rose 48% year-over-year to 2,798, and new listings increased by 18% to 2,461, giving buyers more choice and reducing urgency in the market.

Oshawa led in inventory growth among major cities, with new listings climbing +12.4%, while Bowmanville (Clarington) and Whitby followed with +7.1% and +3.1%, respectively. This growing gap between supply and demand reflects cautious buyer behavior amid ongoing affordability pressures and interest rate sensitivity. Still, demand remains steady—sale-to-list price ratios held firm around 100%, and homes continued to sell in under three weeks on average. Sellers who adapt with competitive pricing and good presentation remain well-positioned, while buyers benefit from a calmer, more considered environment.

Need help navigating this market?
 Reach out today to book a free strategy session tailored to your real estate goals. Contact Us! 

Spring has sprung and so has the housing activity across Durham Region. While inventory is climbing and prices remain steady, the pace of sales is showing signs of cooling compared to last year. Buyers have more choice than they’ve had in recent years, and sellers are adjusting to a more balanced playing field.

Let’s break down what’s really happening across the region.

MARKET OVERVIEW

In April 2025, Durham Region's housing market showed signs of rebalancing with a 58% increase in active listings and an 18% rise in new listings compared to last year. Sales dropped 19%, and the average home price declined slightly to $913,500, down just 3.2% year-over-year. With inventory up and homes taking slightly longer to sell, the market is shifting toward more balanced conditions. 

The market is shifting toward balance: more inventory, longer listing times, and slight price adjustments.

CITY-BY-CITY BREAKDOWN

• Oshawa

Oshawa’s market softened slightly this April, with sales dropping to 204 and the average price landing at $796,574. Despite the dip in activity, new listings and active inventory both increased, offering buyers more choice while sellers still enjoyed a strong 102% sale-to-list price ratio.

• Whitby

Whitby saw 204 homes sold in April at an average price of $941,442, down from last year’s $1.04M. While prices moderated, inventory levels rose and homes continued to sell quickly—averaging just 18 days on the market.

• BOWMANVILLE

Bowmanville had the highest number of new listings at 711 and matched Oshawa and Whitby in total sales (204), but with a slightly lower average price of $855,858. With months of inventory rising to 3.2 and days on market holding steady at 18, the area is showing signs of becoming more balanced between buyers and sellers.

CITY-BY-CITY COMPARISON

Listings Comparison

In April 2025, new listings in Oshawa, Whitby, and Bowmanville all increased compared to the same period last year. Oshawa rose from 353 to 390 listings, while Whitby saw a modest jump from 433 to 456. Bowmanville recorded the most significant increase, climbing from 641 to 711 listings—adding even more inventory to the region’s most active submarket.

Sales Comparison

In April 2025, sales activity declined across Oshawa, Whitby, and Bowmanville compared to the same time last year. Oshawa dropped from 248 to 204 sales, while Whitby declined from 273 to 204. Bowmanville also saw a slowdown, with sales falling from 280 to 204—signaling a more cautious buyer pool across the board.

Average Price Comparison

Average home prices softened year-over-year in all three cities. Oshawa dipped slightly from $806,637 to $796,574, while Whitby declined more significantly from $1,042,555 to $941,442. Bowmanville followed with a moderate drop, falling from $876,319 to $855,858—reflecting a market where increased supply is tempering price growth.

MOI (Months of Inventory) Comparison

Months of Inventory rose year-over-year in all three markets, indicating improving conditions for buyers. Oshawa moved from 2.5 to 3.1 months, and Whitby increased from 2.5 to 2.9. Bowmanville recorded the highest increase, climbing from 2.3 to 3.2—marking the closest shift toward a balanced market among the three.

Dollar Volume Comparison

Total dollar volume also declined in April 2025 compared to April 2024. Oshawa fell from an estimated $190.6 million to $162.5 million, and Whitby dropped from $177.8 million to $139.3 million. Bowmanville saw the sharpest decrease, going from $891.3 million to $702.5 million—driven by fewer sales and slightly lower prices.

 Days on Market (DOM) Comparison

Homes took slightly longer to sell in April 2025 than they did the previous year. Oshawa’s DOM increased from 16 to 18 days, while Whitby rose from 17 to 18 days. Bowmanville remained nearly steady, ticking up from 17 to 18 days—showing a subtle shift in buyer urgency.

WHAT THESE MEAN FOR BUYERS AND SELLERS

For buyers, the increase in both new and active listings means more selection and slightly less pressure. With homes staying on the market a little longer and prices stabilizing, there’s more room to negotiate—especially in areas like Bowmanville, where inventory has grown the most. While interest rates remain a factor, the current market gives buyers a chance to make more informed decisions without the frenzy of last year.

For sellers, properties are still moving at strong sale-to-list ratios, but expectations need to be adjusted. Overpricing in this market could lead to longer days on market or missed opportunities, as buyers now have alternatives. Sellers who invest in preparation and pricing strategically can still take advantage of solid demand—especially in mid-range and move-in-ready segments.

WHAT APRIL 2025 REVEALS ABOUT THE DURHAM REGION MARKET

The Durham Region real estate market in April 2025 is showing continued signs of moderation as the gap between supply and demand begins to widen. While average prices in Oshawa, Whitby, and Bowmanville have dipped slightly compared to the previous year, the more notable trend is the sharp rise in new and active listings paired with a decline in sales. This shift suggests that both buyers and sellers are approaching the market with greater caution, likely influenced by lingering economic uncertainty and interest rate sensitivity. Even so, properties are still selling at solid prices, with sale-to-list ratios remaining around 102%, showing that demand is still present—especially for well-priced and move-in-ready homes.

Bowmanville (Clarington) continues to lead in inventory growth, offering buyers more choice while maintaining competitive pricing. Although total dollar volumes declined across all three cities, the drop reflects fewer sales rather than a collapse in value. With homes taking slightly longer to sell and Months of Inventory increasing, buyers now have more time to consider their options without the urgency of previous years. For sellers, this evolving landscape calls for a strategic approach—homes that are well-prepared and priced in line with current conditions can still attract strong offers. The market may be shifting, but opportunity remains on both sides of the transaction.

Need help navigating this market?
 Reach out today to book a free strategy session tailored to your real estate goals. Contact Us! 

Welcome to your March 2025 snapshot of the Durham Region real estate market. This month reflected a changing rhythm in buyer and seller behavior: fewer listings, slower movement, but prices holding firm in most areas.

Let’s dive into the numbers that matter.

MARKET OVERVIEW

While the average price dipped slightly, inventory and time on market increased, and both sales and dollar volume fell. Sellers still hold leverage (SP/LP at 101%), but buyers are showing more caution.

The market is slightly cooler compared to last year, but seller leverage remains high with homes still selling over list price.

CITY-BY-CITY BREAKDOWN

• Oshawa

Year-over-Year: Oshawa's average price is slightly down from ~$806,000 in March 2024, with steady demand and time on market unchanged.

• Whitby

Year-over-Year: A mild dip from ~$1,033,707 last March. Activity remains strong and balanced with listings matching sales.

• BOWMANVILLE

Year-over-Year: Bowmanville stands out with a price increase from ~$848,344 in March 2024. Demand remains high.

CITY-BY-CITY COMPARISON

Listings Comparison

In March 2025, new listings in Oshawa, Whitby, and Bowmanville all dropped compared to the same time last year. Oshawa saw a dip from 145 to 118, while Whitby fell slightly from 320 to 302. Bowmanville experienced the largest decline, dropping from 633 to 506 listings—a 20% decrease in available inventory.

Sales Comparison

Sales activity slowed across all three cities. Oshawa recorded 112 sales in March 2025, down from 158 the previous year. Whitby and Bowmanville followed suit, dropping to 302 and 506 sales respectively—indicating a more cautious buyer pool.

Average Price Comparison

Average home prices softened in Oshawa and Whitby but grew in Bowmanville. Oshawa’s average price declined to $769,748 from around $806,000, while Whitby dipped slightly to $1,008,786. In contrast, Bowmanville rose to $893,731—showing resilience in that submarket.

MOI (Months of Inventory) Comparison

Months of Inventory (MOI) increased slightly in all cities, suggesting homes are taking longer to sell. Oshawa and Whitby both climbed from 2.5 to 3.3 months, and Bowmanville ticked up from 2.3 to 3.0. These shifts hint at a slow pivot toward market balance.

Dollar Volume Comparison

Total dollar volume transacted declined across the board. Oshawa dropped from $69.6M to $60.1M, and Whitby followed with a slide from $112.9M to $104.2M. Bowmanville saw the steepest reduction, falling from $150.6M to $141.6M in March.

 Days on Market (DOM) Comparison

Homes are staying on the market slightly longer than last year. Oshawa ticked up from 15 to 16 days, Bowmanville from 17 to 18, while Whitby remained steady at 17. This suggests a bit more breathing room for buyers—but not by much.

WHAT THESE MEAN FOR BUYERS AND SELLERS

Buyers: There’s a bit more breathing room than last year—but don’t wait too long. Inventory is still tight and properties are selling quickly.

Sellers: Demand remains strong. If your home is priced right, it can still go over asking—especially in sought-after areas like Whitby and Bowmanville.

WHAT MARCH 2025 REVEALS ABOUT THE DURHAM REGION MARKET

The Durham Region real estate market in March 2025 is showing signs of stabilization after the aggressive pace of the past few years. While the average price dipped slightly year-over-year, the bigger story is the simultaneous drop in both sales and new listings across Oshawa, Whitby, and Bowmanville. This suggests that both buyers and sellers are approaching the market with more caution—likely due to continued economic uncertainty and interest rate sensitivity. However, properties are still selling quickly and at strong prices, with most cities recording sale-to-list price ratios at or above 100%. The increase in Months of Inventory (MOI) and slightly longer Days on Market (DOM) also hint at a slow shift toward more balanced conditions, though we are still firmly in a seller’s market territory.

One standout this month is Bowmanville (Clarington), which saw an increase in average sale price year-over-year, bucking the regional trend. This signals that demand remains strong in certain pockets, particularly in areas perceived as offering better value relative to the rest of the GTA. While total dollar volumes declined across all three cities—indicating fewer or lower-value transactions—the underlying competitiveness remains. Buyers may have a bit more breathing room than last year, but they still need to act quickly on well-priced homes. For sellers, this is a moment to be strategic: homes that show well and are priced appropriately can still attract multiple offers. The market may be shifting, but opportunities remain strong on both sides.

Need help navigating this market?
 Reach out today to book a free strategy session tailored to your real estate goals. Contact Us! 

Hi everyone, welcome back to our monthly market update! My name is Jacob and I’m a broker and team lead of Asparian & Co Real Estate. We’re a boutique team focused on all things in real estate in the Durham Region. Today we’ll be reviewing the market update numbers for April 2024 but also looking at market activity levels to see if we can see where the market is heading now.

The basics! In every market, the 3 most important numbers we look at are listings, sales, and average sales price.

LISTINGS

We saw a total of 1,840 new listings come to the market in Durham Region this April, which was a increase of 50.45% than the 1,223 that came to market last year at this time.

SALES

We had 948 homes sold in Durham Region this April and that is an increase of 4.98% from the 903 that were sold at the same time in 2023.

AVERAGE SALES PRICE

So, what does this all mean for sales prices? The average sale price in Durham Region in April 2024 was $943,840. This is a decrease of 1.3% from the 2023 average of $956,240.

One of the biggest mistakes buyers make is trying to time the market and waiting on the sidelines for prices to come down. With the current economic environment, we are starting to see it happening. The best time to buy real estate was 10 years ago, the second best time is now. If you are interested in buying real estate in Durham Region, Asparian & Co would love to help.  Contact us and start your search today! 

With the drastic shift in the market and demands slowing down, it is a great time to be a buyer. Sellers, the market is still moving. It’s even more important to stage and market your home well. If you are looking to make a move, make sure you have a professional team guiding you from start to finish. We offer a comprehensive listing package that includes staging, cleaning, professional photography and so much more. Satisfaction guaranteed. Contact us today for a no obligation market evaluation. Contact Us!