january 2022 market report
Durham Housing Market Off To Strong Start in 2022
DURHAM REGION, February 2, 2022 – The Durham Region housing market is off to a strong start in 2022 despite a bitter Canadian January. Continued lockdown restrictions hampered Open Houses and many other traditional industry selling resources but we are encouraged by our REALTORS® continued creativity when it comes to utilizing virtual and digital media platforms to showcase their clients properties.
The average selling price in Durham Region for January was $1,175,010. Although an increase from the previous year, Durham continues to rank the most affordable region in the GTA to buy a home. The average days on market for January reached just 7 days. A remarkable change from 14 days in 2016.
“An increase in January transactions on a year-over-year basis is a positive sign for the year to come. The past year was a year of unpredictability and incredibly low Bank of Canada interest rates. It is forecasted that 2022 is calling for strong home sales in the Region with the average selling price expected to hit a new record.” stated the DRAR President.
The average selling price in Durham Region for January was $1,175,010. Although an increase from the previous year, Durham continues to rank the most affordable region in the GTA to buy a home. The average days on market for January reached just 7 days. A remarkable change from 14 days in 2016.
“An increase in January transactions on a year-over-year basis is a positive sign for the year to come. The past year was a year of unpredictability and incredibly low Bank of Canada interest rates. It is forecasted that 2022 is calling for strong home sales in the Region with the average selling price expected to hit a new record.” stated the DRAR President.
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 September 2020 to January 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.
