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Real estate can be confusing. We’re here to clear the air. Whether you’re buying, selling, or downsizing, we simplify what’s complicated so you can achieve more, easily.

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    • Helping You Buy
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Royal LePage Frank Real Estate - Independently owned & operated, Brokerage

February 8, 2024 | Market Update

January 2024 Market Update

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What's Happening with Durham Region Real Estate?

The Real Estate industry, along with the buying/selling public, anxiously anticipate interest rate relief sometime this year. I’ll be the first to admit frustration at the cost of financing a mortgage and how “locked out” the younger generation is, when it comes to the housing market. I’m a proponent of using amortization rates as a tool to help first time home buyers put a roof over their heads but there is, to my knowledge, no discussion at any level of government on this. Meanwhile…

 

The 2024 market is off to a decent start out of the gate. Sales were up 38% over January of 2023 in the Region, from 392 units to 539. While sales were up, new listings declined by 5% over the same time period. This will keep selling prices steady.

The Average Selling Price in Durham Region came in at $894,825, up slightly from $883,790 a year ago. If you think this is a minor accomplishment, think again. In January of last year, the Average Selling Price had dropped 24% from the previous year. We’ve seen the bottom and it’s in the rear view mirror, in this writer’s opinion.

 

Months of Inventory across the Region stood at 1.4 months. When you drill down to certain types of homes and certain neighbourhoods, that number can drop dramatically. Days on Market stood at 33 days, up from 6 days in the peak. I’ll take it. A month gives us marketers time to run ads, knock on doors, make calls and really dig for buyers the way we did in prior, balanced markets.

The Sale Price to List Price came in at 99%, very healthy. That means when Sellers finally figure out what that true market value of their home is, the market is giving it!

 

And drum roll finally; the Sales to New Listings Ratio clocked in at 65.1%, gently tipping into Seller territory. That figure is the one to watch as we head into the Spring market.

 

I’m confident this is going to be a good year in real estate in Durham Region. The market is complicated but that’s where our experience counts. If you’d like to know the value of your home, reach out to us for aFREE equity checkup!

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Related Posts

May 2024 Market Update

March 2024 Market Update

Durham Region Market Watch – March 2025

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Keith Williams

Broker

Lisa C. Follows

Broker

We want to hear from you!

1.866.447.4434

team@willowsgroup.ca

Royal LePage Frank Real Estate - Independently owned & operated, Brokerage

268 Queen St.
Port Perry, ON L9L 1B9

Follow Us @WillowsRealtyGroup

🔥 Lakefront Luxury Meets A.I. Precision Experi 🔥 Lakefront Luxury Meets A.I. Precision

Experience the edge of real estate marketing with Keith and Lisa—A.I. Certified Agents™ who combine cutting-edge tech with deep local expertise.

🏡 This 4-bed, 2-bath retreat at 264 Williams Point Rd brings the outdoors in with panoramic water views, hardwood floors, custom wood finishes, and a dream kitchen ready for your next gathering.

☀️ Step out onto the 4-tier deck and unwind as the sun sets over the lake—or stroll down your private dock and take in the view.

With major upgrades from 2017–2019, including spray foam insulation, updated plumbing/electrical, and a newer roof, this home offers peace of mind AND a lifestyle you’ll love.

🚀 Our exclusive A.I. Listing Advantage ensures this home reaches the right buyers fast—with smarter targeting, predictive insights, and high-impact digital storytelling like this video.

🎯 Want to see how tech + trust delivers real results?

👇 Watch now and imagine your life at the lake.

📲 Contact Us
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
Email: keith@willowsgroup.ca or lisa@willowsgroup.ca
Office: (888) 926-2066
💼 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of AI!

#WillowsRealtyGroup #ScugogHomes #DurhamRegionRealEstate #WaterfrontProperty #LakefrontLiving #AICertifiedAgent #AIMarketingAdvantage #YourNextHome #OntarioRealEstate #LuxuryByTheLake #ModernRustic #DeckGoals #HomeGoals #RealtorsOfInstagram #OntarioHomes #RealEstateWithResults #ScugogLakeViews
🎯 Real estate timing isn’t just a detail—it 🎯 Real estate timing isn’t just a detail—it’s the game-changer.
Spring brings action, but also competition. Fall? Fewer crowds, smarter deals.
Buyers, don’t overpay. Sellers, don’t miss your moment.
Even a small interest rate hike can hit your budget hard.
Make moves when it counts—because waiting could cost you more than you think.

📞 Have questions? Let’s talk:
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
📩 team@willowsgroup.ca
💼 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of AI

#WillowsRealtyGroup #RealEstateTips #MarketTimingMatters #SmartBuyers #HomeSellingTips #DurhamRegionHomes #OntarioRealEstate #RealEstateAdvice #AIMarketing #YourNextMove #RealtorLife #HomeBuyingTips #InterestRates #FallMarket #HouseHunting #RealEstateStrategy
📍 FOR SALE | Lakefront Living. Refreshed + Read 📍 FOR SALE | Lakefront Living. Refreshed + Ready.
This one hits different.

264 Williams Point Rd in Scugog offers the kind of waterfront lifestyle people talk about—but rarely find.
🔥 4 bedrooms, 2 bathrooms, a kitchen made for actual cooking (hello gas stove + stone backsplash), and a four-tier deck that delivers next-level sunset views.

💡 Major upgrades between 2017–2019 mean you’re moving into peace of mind—not a fixer-upper. Insulated with spray foam, updated plumbing & electrical, and a solid roof overhead.

🎯 Positioned on a school bus route, minutes to parks, and steps from your private dock. Whether it’s morning coffee with a lake breeze or nights under the stars, this place makes it easy to stay home.

🚀 Listed with the power of the A.I. Listing Advantage™—strategically marketed by A.I. Certified Real Estate Agents™ Keith Williams & Lisa C. Follows. That means smarter exposure, qualified buyers, and results.

💬 Want to tour this waterfront retreat before it’s gone?

📲 Contact Us
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
Email: keith@willowsgroup.ca or lisa@willowsgroup.ca
Office: (888) 926-2066
💼 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of AI!

#WillowsRealtyGroup #DurhamRegionRealEstate #ScugogWaterfront #OntarioHomes #AIListingAdvantage #AICertifiedAgent #LakefrontForSale #JustListedOntario #RealEstateMarketing #HomeWithAView #WaterfrontHome #RealEstateExperts #KeithAndLisa #PortPerryRealEstate #LiveByTheLake #DurhamHomesForSale #LuxuryMeetsComfort
📍 Oshawa Buyers — This One Hits Different. L 📍 Oshawa Buyers — This One Hits Different.

Looking for that perfect combo of character, space, and value? This solid 1950s bungalow at 63 Park Rd N packs it all. With 3 beds, 2 baths, and a finished basement with its own living space and bonus bedroom, it’s ideal for multi-generational living or a smart guest setup.

Bright eat-in kitchen. Spacious bedrooms. Detached garage. Mature trees shading a deep backyard that’s calling for morning coffee or quiet evenings. And it’s all minutes to Oshawa Centre, Lakeridge Health, schools, and transit. Offers welcome anytime.

💡 Marketed with our exclusive A.I. Listing Advantage™ — real results, less stress. We're A.I. Certified Agents™, using smart data to get your home in front of the right buyers, fast.

💬 Ready to book your private tour or want to know how AI could power your sale too? Let's talk.

📲 Contact Us
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
Email: keith@willowsgroup.ca or lisa@willowsgroup.ca
Office: (888) 926-2066
💼 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of AI.

#63ParkRdOshawa #DurhamRegionRealEstate #ForSaleOshawa #BungalowLiving #OshawaHomes #AIListingAdvantage #WillowsRealtyGroup #AICertifiedAgent #ListedOntario #HomeSweetHome #SmartHomeSelling #RealEstateDurham #OshawaBungalow #MultiGenerationalLiving #OshawaListing #RealEstateWithResults
📊 Buyer’s Market? Seller’s Market? Or somet 📊 Buyer’s Market? Seller’s Market? Or something in between?
The market is shifting—but the real question is: what does that mean for you?

🎯 Whether you're thinking of selling or buying in Port Perry, Oshawa, and Whitby, knowing how to act on today’s trends is everything. That’s where we come in.

We’re not just watching the market—we’re decoding it using A.I.-powered insights and data-driven strategies that give our clients the edge.

👥 As Certified A.I. Agents™, we combine expert advice with cutting-edge tech to help you:

List smarter

Buy with confidence

And move when the moment is right

💬 Wondering what the latest numbers mean for your property or your next move? Let’s break it down together.

📲 DM us now or reach out directly:
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
📧 keith@willowsgroup.ca | lisa@willowsgroup.ca
📍 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of A.I.
🌐 willowsrealtygroup.com

#WillowsRealtyGroup #DurhamRegionRealEstate #OntarioHomes #AICertifiedAgent #AIMarketingSuccess #RealEstateUpdate #BuyersVsSellers #MarketShift #RealtorsYouCanTrust #DataDrivenRealEstate #KeithAndLisa #YourNextMoveStartsHere
👀 Looking to make the most of open houses in Du 👀 Looking to make the most of open houses in Durham and ace those private showings? Let’s dive in! 🏡

With over 40 years in the real estate game, we've learned a thing or two about checking out homes. Here's a quick guide to help you navigate with confidence:

1️⃣ First Impressions Matter: As soon as you walk in, get a feel for the layout. Does it match your family's vibe? Can you picture your kids playing or hosting family dinners here?

2️⃣ Check the Bones: Look at the structure! Check for any cracks or water stains that could mean bigger issues. This step is like finding a secret trail on a map! 🗺️

3️⃣ Test It Out: Turn on faucets to check water pressure and listen for weird noises. Flush toilets, too. Yes, it sounds odd but trust us, it’s key!

4️⃣ Neighborhood Watch: Step outside, and soak in the vibe of the street. Are there parks, schools, or shops nearby that fit your lifestyle? 🛍️

5️⃣ Prepare & Plan: Before you go, make a checklist of must-haves and bring it with you. This helps you stay on track and focused.

Remember, this is your chance to see if the home suits your story. Don’t rush! Take your time and have fun exploring!

What's your #1 tip for open houses or showings? Share it with us below! 👇

#RealEstate
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