If you’ve been wondering what’s happening in the Durham Region real estate market, you’re not alone. The market has been a bit like a hockey game where everyone is waiting for somebody else to take the first shot!

Let’s break it down in plain English.

Durham Region at a Glance

In May, there were 1,982 new listings and 2,549 active listings available for buyers to choose from. That’s a lot of inventory compared to what we’ve seen over the past few years.

Year-to-date sales are down almost 12% compared to last year, and average home prices are down about 7.5%, sitting at $842,267.

The average home sold in 24 days and sellers received about 100% of their asking price.

The Sales-to-New-Listings Ratio (SNLR) came in at 39%. Remember, anything below 40% is considered a buyer’s market. That means buyers currently have more negotiating power and more homes to choose from.

Months of Inventory (MOI) sits at 3.19 months. Think of MOI like shelves in a grocery store. If no new homes came on the market, it would take just over 3 months to sell everything currently available.

What This Means for Sellers

The good news? Homes are still selling.

The challenge? Buyers have options.

In today’s market, pricing correctly is more important than ever. The days of throwing a dart at a price board and hoping for ten offers are mostly behind us.

The homes that are priced properly, presented beautifully and marketed aggressively are still attracting buyers and selling.

What This Means for Buyers

You have more choice than we’ve seen in years.

You can take a little more time, compare homes, and negotiate better terms than buyers could during the crazy pandemic market.

That said, the best homes are still attracting attention, so don’t confuse a balanced market with a sleepy market.

Community Breakdown

Ajax

Ajax remains one of the strongest markets in Durham.

  • Average Price: $860,047
  • Prices down 8.4% from last year
  • MOI: 2.46 months
  • SNLR: 51% (Balanced Market)
  • DOM: 22 days
  • SP/LP: 101%

Sellers in Ajax are still seeing strong activity. In fact, homes are selling for slightly above asking price on average. Buyers are active here, especially when homes are priced right.

Pickering

  • Average Price: $922,539
  • Prices down 5.1%
  • MOI: 3.09 months
  • SNLR: 35% (Buyer’s Market)
  • DOM: 23 days
  • SP/LP: 100%

Pickering buyers have more negotiating room than last year. Sellers can still succeed, but they need to stand out from the competition.

Whitby

  • Average Price: $914,972
  • Prices down 7.3%
  • MOI: 2.63 months
  • SNLR: 41% (Balanced Market)
  • DOM: 23 days
  • SP/LP: 100%

Whitby continues to perform relatively well. Inventory remains manageable and homes are still moving at a healthy pace.

Oshawa

  • Average Price: $715,430
  • Prices down 8.7%
  • MOI: 3.37 months
  • SNLR: 34% (Buyer’s Market)
  • DOM: 25 days
  • SP/LP: 99%

Oshawa has become more buyer-friendly this year. Buyers have more options and sellers need to be realistic about pricing.

Clarington

  • Average Price: $802,053
  • Prices down 8.0%
  • MOI: 3.02 months
  • SNLR: 40% (Balanced Market)
  • DOM: 24 days
  • SP/LP: 99%

Clarington is sitting right on the fence between a balanced and buyer’s market. Well-presented homes are still attracting attention, but buyers are being more selective.

Brock

  • Average Price: $702,059
  • Prices down 9.1%
  • MOI: 16.6 months
  • SNLR: 37% (Buyer’s Market)
  • DOM: 31 days
  • SP/LP: 98%

Brock currently has the highest inventory levels in Durham Region. Sellers need patience and a strong marketing strategy. Buyers have lots of choice and negotiating power.

Scugog

  • Average Price: $953,050
  • Prices down 16.6%
  • MOI: 5.7 months
  • SNLR: 35% (Buyer’s Market)
  • DOM: 32 days
  • SP/LP: 98%

Scugog has seen one of the largest price adjustments year-over-year. While that sounds dramatic, remember that prices rose rapidly over the past several years. Buyers are finding opportunities and sellers who price strategically are still getting results.

Uxbridge

  • Average Price: $1,094,919
  • Prices down 15.6%
  • MOI: 4.95 months
  • SNLR: 36% (Buyer’s Market)
  • DOM: 25 days
  • SP/LP: 97%

Uxbridge remains Durham’s highest-priced market, but buyers have become much more cautious. Proper pricing is critical and overpricing can quickly lead to longer market times.

The Bottom Line

The Durham Region market isn’t crashing.

It’s normalizing.

Buyers have more choices. Sellers have more competition. Homes are still selling every day, but success depends on strategy, pricing and presentation.

Think of today’s market like fishing. A few years ago, you could throw a line in the water and catch something immediately. Today, you need the right bait, the right location and a little patience—but the fish are definitely still there.

If you’re thinking about buying, selling, downsizing, upsizing or simply wondering what your home might be worth in today’s market, we’re always happy to help.

If you’re wondering what your home would sell for in today’s market (not last year’s market), we’re happy to help! Give us a call or book a 30-minute Discovery Call right here on our calendar!

📲 Contact Us
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847