Here it is - your monthly market update as of April 2018!
Durham Region listings are down 22% from this time last year. Sales are down 50% and sale prices are also down 13% compared to April 2017.
The average selling price in Durham Region reached $609,813 in April 2018.
What does this mean for your specific area?
Here’s a breakdown of Durham Region:
Pickering has seen an 18% decrease in average selling price. Listings are down 19% and sales are down 23%.
Ajax has seen a 19% decrease in the number of listings, and a 39% decrease in the number of sales. The average selling price is 11% lower than this time last year.
Whitby saw a 29% decrease in the number of listings as compared to last year, and a 38% decrease in the number of sales. The average selling price decreased by 15%.
Clarington had a 19% decrease in the number of listings. There was a 34% decrease in the number of sales, and the average selling price decreased by 16%.
Oshawa experienced a 21% decrease in the number of listings, and a 42% decrease in the number of sales. The average selling price decreased by 13%.
It’s important to remember that there are rare pockets within each city that will have their own unique numbers that may not reflect what we have reviewed. To find out what your property is worth, it’s always a good idea to have a professional realtor give you a current market evaluation. Factors such as the property condition, upgrades, and proximity to vital services and amenities to give you an accurate value.
If you’re interested in learning what your home is worth, don’t hesitate to contact Jacob for a confidential, no-obligation market evaluation.