MLS Real Estate Statistics for Durham Region
(including Whitby, Brooklin and Oshawa)
Are you a home owner thinking of Selling your Durham Region area property? Are you wondering about the current market or when the best time would be to put the "For Sale" sign up?
Maybe your are planning on Buying and investing in your own home and are curious to know about the current market in Whitby, Brooklin, Oshawa or other areas in the Region of Durham, Ontario?
Whether you are looking to Sell, Buy or simply interested in keeping up to date on the Durham Region housing market, the following data may be beneficial to you.
So far, the Autumn season Durham Region Real Estate market on the whole has been strong. With over 223 more active listings out there this month compared to last month, buyers finally have more homes to choose from, equalling the housing market playing field somewhat.
A good indicator of which way the housing market is leaning is to compare home sales to newly listed homes, called the "sales to new listings" ratio. September sales to new listing ratio is at 55%, indicating a more balanced market as we move into the Fall season. August revealed signs of trending toward a balancing market with a sales to new listings ration of 58%.
Homeowners who work with their Realtor to offer a thoughtfully priced and well presented home for sale, in an market such as this, it often leads to a flurry of activity from those looking to buy...and, it may even result in more than on offer to purchase their home!
Informed buyers take early steps such as reviewing the necessary documentation with their Realtor and ensuring they are pre-approved for mortgage financing ahead of time so that they are ready to make a move when the right home comes along.
So, if you are thinking of making a move to sell or to buy a home, contact your Real Estate professional now to begin the process. You'll be glad you did!
Below you will find some of the various Durham Region Real Estate statistics gathered from the Toronto Real Estate Board's MLS System "Market Watch" report. The data compares September 2011 with September last year.
H The Durham Region area had 870 sales in September 2011 measured
against 707 home sales in September 2010.
H The average asking price for a home in the Region of Durham in
September 2011 was $317,634 in comparison to $321,591 in September 2010
H The number of days it took to sell a home in Durham Region in September 2011
was, on average, 31 days. Considerably lower than the 45 days it took on
average to sell a home in September last year.
If you should have any Real Estate questions, whether big or small, please feel free to contact me. I appreciate the opportunity and am always glad to help.
Want to review the current Real Estate documentation you will likely be asked to sign when purchasing a home or placing your home up for sale? Check out my "understanding Real Estate forms" guide.
HAVE LINDA BECOME YOUR REALTOR LONG BEFORE YOU NEED ONE, AND SHE'LL BE RIGHT THERE FOR YOU WHEN YOU DO!