JUNE 2022 MARKET REPORT
JUNE STATS POINT TO BALANCED MARKET IN DURHAM & GTA
DURHAM REGION, July 6, 2022 – The Durham Region Association of REALTORS® reported 967 transactions through their MLS® System in June 2022. This is a decline of 12.5% from May 2022 and a 32.09% drop year over year. The local housing supply increased to 1.5 months of inventory in June from 0.7 months in March 2022.
The average selling price, at $969,424, continues to outpace the June 2021 levels by 5.6%, but trends lower on a monthly basis. The average benchmark price for homes was $1,039,100, up by 19.13% on a year-over-year basis in June. By comparison, the benchmark (HPI) price for townhouse/ row units was $751,700, an increase of 23.25% compared to a year earlier.
As more individuals and families move further east through the GTA, Durham will continue to be a top option with its diverse market and affordability. In June 2022 the average days on market reached 12, giving buyers and sellers more confidence during their transactions.
DETACHED AVERAGE SELLING PRICE
(Oshawa, Whitby, Clarington)
Graphic representation of Detached average selling prices in Oshawa, Whitby, and Clarington for over a year (from February 2021 to June 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.