If you’re thinking about buying or selling a home in Durham Region, here’s what’s happening in the market right now!

🔹 More Homes for Sale: The number of new listings is up 46% compared to last year, giving buyers more choices. This means sellers need to price competitively and showcase their homes well to stand out.

🔹 Sales Are Slowing Down: Home sales have dipped by 8% compared to last year. Fewer buyers mean homes are taking a bit longer to sell.

🔹 Home Prices Holding Steady: The average home price in Durham Region is $896,611, which is almost the same as last year. The median price sits at $835,000, showing that homes are still selling at solid values.

🔹 It’s a Buyer’s Market: With more inventory and fewer sales, buyers have the upper hand. The Sales-to-New-Listings Ratio (SNLR) is 40.3%, which leans toward a buyer’s market. If you’re buying, now’s the time to negotiate a great deal!

🔹 Days on Market Increasing: Homes are taking longer to sell, averaging 30 days on the market, so patience is key.

💡 What This Means for You:
✅ Sellers: Be strategic with pricing and marketing. With more homes on the market, making yours stand out is key.
✅ Buyers: You have more options and negotiating power! It’s a great time to explore opportunities before competition picks up.

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📍 Ajax

  • Listings Up 60% – 155 new listings, up from 97
  • Sales Down 8% – 68 homes sold, down from 74
  • Average Price: $915,035, down 1%
  • Median Price: $859,500
  • Homes Selling in 28 Days on Average

📌 Takeaway: More listings but fewer sales. Buyers have the edge!

📍 Brock

  • Listings Down 14% – 24 new listings, down from 28
  • Sales Down 25% – Only 9 homes sold, compared to 12
  • Average Price: $650,444, down 2%
  • Median Price: $659,000
  • Homes Taking 25 Days to Sell

📌 Takeaway: Less inventory, but fewer buyers too. Sellers need to price competitively.

📍 Clarington

  • Listings Up 18% – 186 new listings, up from 158
  • Sales Down 23% – 62 homes sold, down from 80
  • Average Price: $852,765, up 4%
  • Median Price: $820,000
  • Homes Selling in 27 Days on Average

📌 Takeaway: Prices are holding, but sales are slowing. Buyers have more time to decide.

📍 Oshawa

  • Listings Up 67% – 364 new listings, up from 218
  • Sales Down 5% – 158 homes sold, compared to 166
  • Average Price: $779,868, down 1%
  • Median Price: $760,000
  • Homes Selling in 27 Days on Average

📌 Takeaway: A flood of new listings, but prices remain steady. Buyers have negotiating power.

📍 Pickering

  • Listings Up 49% – 198 new listings, up from 133
  • Sales Up 16% – 80 homes sold, compared to 69
  • Average Price: $950,327, unchanged from last year
  • Median Price: $885,000
  • Homes Selling in 29 Days on Average

📌 Takeaway: Strong buyer demand compared to other areas.

📍 Scugog

  • Listings Up 79% – 43 new listings, up from 24
  • Sales Up 30% – 13 homes sold, compared to 10
  • Average Price: $995,923, down 2%
  • Median Price: $800,000
  • Homes Taking 58 Days to Sell

📌 Takeaway: Buyers hold the advantage, with homes taking longer to sell.

📍 Uxbridge

  • Listings Up 62% – 42 new listings, up from 26
  • Sales Down 27% – 11 homes sold, compared to 15
  • Average Price: $1,365,264, up 24%
  • Median Price: $1,355,000
  • Homes Selling in 40 Days on Average

📌 Takeaway: Sales slowing, but prices holding steady in this premium market.

📍 Whitby

  • Listings Up 39% – 201 new listings, up from 145
  • Sales Down 16% – 88 homes sold, compared to 105
  • Average Price: $1,025,963, even with last year
  • Median Price: $940,000
  • Homes Selling in 33 Days on Average

📌 Takeaway: Leaning towards a buyer’s market.

💡 What This Means for Buyers & Sellers

✅ Sellers: Be strategic—price competitively and stage well to stand out.
✅ Buyers: Now is a great time to negotiate, with higher inventory and slower sales in many areas.

📞 Thinking about buying or selling? Let’s chat! We’lll help you make the most of today’s market.

Click here to book a call on our calendar or send us an email!

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