Durham Region Market Update

Welcome to our monthly real estate market update for Durham Region! As we dive into the numbers and trends of June 2023, we'll provide you with valuable insights and analysis to help you navigate the dynamic housing market in this vibrant region. Whether you're a potential buyer, seller, or investor, understanding the current market conditions can make a significant difference in your real estate decisions. Curious about how much your neighbourhood's homes sold for? Let's jump in and explore what June had in store for Durham Region!

Overall Market Performance: With a significant number of properties sold and an impressive average home price, Durham Region continues to be an attractive destination for homebuyers and investors alike. Let's jump into those stats! 

1. Sales Activity:  A total of 934 properties have been sold in June, in the Durham Region. This substantial number demonstrates a healthy demand for housing options in the area, further reinforcing its appeal to potential buyers.

2. Average Home Prices: One of the most remarkable aspects of the current real estate market in Durham Region is the average home price, which stands at an impressive $1,006,690. This figure showcases the region's increasing desirability among homebuyers, as well as the growing value of properties in the area. This noteworthy average price demonstrates the potential for both homeowners and investors to secure substantial returns on their investments in Durham Region.

3. Days on Market: On average, homes in the area are spending just 12 days on the market before finding a buyer. This swift turnaround time indicates a high level of demand and competitiveness within the region. For sellers, it means that properly priced and well-presented homes are likely to attract interested buyers. Did you know that homes listed with the Dan Plowman Team sell faster than the average? Our homes are sold by an average of 9.5 days!  

   

    

   The real estate market in June, for Durham Region, is thriving, characterized by a significant number of properties sold and an impressive average home price. These statistics indicate a strong demand for housing options in the area, making it an opportune time for both buyers and sellers.

   If you're considering entering the real estate market in Durham Region, it's essential to work with an experienced agent who can navigate the intricacies of the current landscape. Stay tuned next month for our next market update!

*All stats provided from independent reporting company RE Stats Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Data may vary by 2.5%