Spring is almost here and I could not be happier to put away my snow shovel and make plans for the double-digit weather. But first, the monthly rundown you’ve all been waiting for – February market stats!
Unsurprisingly, we still have a tight sellers-market in Durham Region, which means that inventory is low, with lots more buyers out there!
The number of active listings in Durham Region has decreased by 7.0% from this time last year.
Although the number of listings has decreased, sales have increased by 6% as compared to last year. While sales aren’t quite as high as last month, average selling prices are up 35% across Durham Region.
What does this mean for your specific area?
Here’s a breakdown of Durham Region:
Pickering has seen a 30% increase in average selling price. Listings are down 22% and sales are down 6%.
Ajax has seen a 7% decrease in the number of listings, and just a 1% increase in the number of sales. The average selling price is 28% higher than last year.
Whitby saw a 2% decrease in the number of listings as compared to last year, but a 16% increase in the number of sales. The average selling price has also increased by 35%!
Clarington had an 8% decrease in the number of listings. However, there was a 10% increase in the number of sales, and the average selling price has increased by 33%.
Oshawa experienced a 7% increase in the number of listings, as well as an 11% increase in the number of sales. The average selling price saw a large increase at 46%!
Understandably, there are rare pockets within each city that will have their own unique numbers that may not reflect what we have reviewed. To find out what your property is worth, it’s always a good idea to have a professional realtor give you a current market evaluation. Factors such as the property condition, upgrades, and proximity to vital services and amenities to give you an accurate value.
If you would be interested to find out what your home is worth, feel free to contact Jacob for a no-obligation market evaluation.
Unsurprisingly, we still have a tight sellers-market in Durham Region, which means that inventory is low, with lots more buyers out there!
The number of active listings in Durham Region has decreased by 7.0% from this time last year.
Although the number of listings has decreased, sales have increased by 6% as compared to last year. While sales aren’t quite as high as last month, average selling prices are up 35% across Durham Region.
What does this mean for your specific area?
Here’s a breakdown of Durham Region:
Pickering has seen a 30% increase in average selling price. Listings are down 22% and sales are down 6%.
Ajax has seen a 7% decrease in the number of listings, and just a 1% increase in the number of sales. The average selling price is 28% higher than last year.
Whitby saw a 2% decrease in the number of listings as compared to last year, but a 16% increase in the number of sales. The average selling price has also increased by 35%!
Clarington had an 8% decrease in the number of listings. However, there was a 10% increase in the number of sales, and the average selling price has increased by 33%.
Oshawa experienced a 7% increase in the number of listings, as well as an 11% increase in the number of sales. The average selling price saw a large increase at 46%!
Understandably, there are rare pockets within each city that will have their own unique numbers that may not reflect what we have reviewed. To find out what your property is worth, it’s always a good idea to have a professional realtor give you a current market evaluation. Factors such as the property condition, upgrades, and proximity to vital services and amenities to give you an accurate value.
If you would be interested to find out what your home is worth, feel free to contact Jacob for a no-obligation market evaluation.
