For Sale sign with 'sold overasking' added on

The Durham Region real estate market has been at an all time high ever since the pandemic hit and people began moving out of Toronto and into smaller communities in the 905 region. Over the past two years, housing prices have skyrocketed in the Durham Region with many homes selling for well over the $1 million price point. However, that may all be changing.

A recent report from the Toronto Regional Real Estate Board shows that median house prices in suburbs outside of Toronto are actually declining. Between the months of February and March, median house prices in the Durham Region dropped 7.2%. But does this mean that the real estate bubble has burst and we can expect to see a continuous decline going forward?

Dan Plowman recently spoke with Erin Nicole Davis of to discuss the latest Durham Region real estate market trends and what they mean for the future of home sales in the 905 region. You can read the full story here to gain insight into whether now is the right time to buy or sell a Durham Region home.

Are you interested in buying or selling a home in the Durham Region? The Dan Plowman team are the local experts and can advise you on market trends, home valuation, prime investment areas and more. Contact us here or call 905-668-1511 to speak to one of our top real estate agents today!

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