Is everyone getting excited for Christmas!? I know market stats must be low on the list of what you’re thinking about but here it goes!  
 
We have a particularly tight sellers-market in Durham Region, which means inventory is still very low.

 
The number of active listings has decreased by 3.0%, with MOI (months of inventory) at an all time low of 1.0 month. 

 
While we have LESS listings than last year we also have 7.0% MORE sales in the same time frame, which has helped pushed average selling prices an astronomical 20.0%.  If you had bought a home for $400,000 a year ago, that same home would be worth $476,000 today!
 
 
 

So what does this mean for your specific area?


Pickering has seen an increase of sales price increasing 16.0%. Listings are down 5.0% and sales are up 7.0%.

Ajax has actually seen a decrease in both the number of sales AND listings from last year. Listings are down 7.0% and sales are down 4.0%. The average selling price is 18.0% higher than last year.
 
Whitby had a decrease in the number of listings by 2.0% yet has had 6.0% more sales which is exactly why the average sale price has increased by 20.0%
 
Clarington has had a 21.0% increase in property prices. Listings are down 4.0% but an increase of 6.0%. 
 
Oshawa still remains the leader of the pack at value increasing by 26.0%!! Going against the trend we have actually seen an INCREASE of 5.0% in inventory and the number of sales jumped 15.0%

 
Understandably, there are rare pockets within each city that will have their own numbers that may not reflect what we have reviewed. To find out what your property is actually worth, it’s always recommended to have a professional realtor give you a current market evaluation. They would take into consideration additional factors such as the property condition, upgrades and proximity to vital services and amenities to give you an accurate value. 
 

J