April still running strong
DURHAM REGION April 20, 2010 – The Durham Region Association of
REALTORS® (DRAR) reported 503 sales in the first half of April 2010, an
increase of 33% from the 378 sales reported mid-month in April ’09. Year-to-date
sales are up a whopping 53% to 2,912 compared to 1,903 sales during the same
term in 2009.
“The average selling price for single family homes has also experienced a sharp
increase over the prior year” Dierdre Mullen, President of the Durham Region
Association of REALTORS noted. “With an April 2010 mid-month total of
$303,945, that is 11% higher than the $273,480 reported mid-month for April
2009. However, the expectation is that the average price will soon stabilize as
more new listings continue to be added to the market to match the demand.”
