Hello again, everyone! Let’s get right to the good stuff – your monthly market update! Much like previous months, things are still balancing out, and it appears that home buyers now have more freedom of choice as there is more and more inventory available across Durham Region.
Ok everyone, here it is, your monthly market update! It looks like we’re finally starting to see some balance in the market. There is an increase in the number of new listings as compared to previous months as well as last year. Homes still continue to sell quickly (in an average of 10 days), suggesting that homebuyers are continuing to recognize what a great place Durham Region is to live. With this slight shift towards a more stable market, it looks like first-time homebuyers who were previously being squeezed out of the market now have more opportunity to purchase.
Alright everyone, Spring is off to a good start and it looks like the pendulum is starting to swing the other way! We have been seeing an influx of new listings coming to market over the last couple of months. While it is still a seller’s market, it is a welcome relief for buyers actively looking. In my opinion, we should start to see some more stability in the market with things slowly but surely returning to normal, and let me tell you, that is not bad news!