Durham Region Market Update August 2023
Posted by Dan Plowman on
Welcome back to our monthly update on the Durham Region real estate market. As we delve into the numbers and trends of August 2023, we find that the real estate landscape is marked by a delicate balancing act between various factors that impact both buyers and sellers.
Market Overview:
1. Average Home Price: In August 2023, the average home price for properties in the Durham Region was $930,852. This figure provides valuable insights into the affordability and attractiveness of homes in our community.
2. Sales Activity: During the month of August, a total of 776 homes were sold in the Durham Region. This represents a snapshot of the ongoing demand for homes despite the challenges posed by economic uncertainty and fluctuating interest rates.
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