february 2022 market report
2022 Home Sales Continue to Grow
DURHAM REGION, March 3, 2022 – The Durham Region Association of REALTORS® reported strong residential transaction growth in Durham Region in February 2022. On a month-to-month comparison from January 2022, residential transactions almost doubled to 1,125 last month.
“We continue to see high demand in Durham Region and beyond. The average days on market now sits at 7 days in February,” said DRAR President, Meredith Kennedy. “New listings amounted to 1,613 in February 2022, an increase of almost 85% over January 2022 and an 18% drop from the same period last year.”
The average price in Durham Region has reached an all-time high of $1,228,990, a 37.2% increase from the same time last year. “The vast opportunities Durham Region has to offer and desire of relocating here, combined with borrowing rates at historically low numbers continue to see the average selling price of homes rise with final sales coming in on average 129% over list price.” said Kennedy.
DETACHED AVERAGE SELLING PRICE
1-YEAR TREND
(Oshawa, Whitby, Clarington)
Graphic representation of Detached average selling prices in Oshawa, Whitby, and Clarington for over a year (from October 2020 to February 2022). If you wish a custom evaluation of your area's trend, please contact us and we'd be glad to share it with you.
