November was another good real estate sale month!
In the Durham Region there were 695 sales of single family homes in November which is down 19% from the 860 record sales in October, but up a whopping 70% from the 409 sales in November, 2008! Not bad at all. One year ago many people would have bet that the market would be back up tot the levels we saw in November 2004 to 2007 which averaged 661. At $286,497, average prices dipped slightly from October but did increase 6.5% from the $268,902 we saw in November, 2008.
The number of listings on the MLS® system have dropped again this month, to 1,593 from 1,753 last month and 44% less than the 2,838 of November, 2008. This slumps is reflective of a seller’s market!
So what will the final numbers be for 2009? Tune here to find out and in the meantime, have a fantastic Christmas!!