Skip to content
Connect
Connect
  • Buy
    • Helping You Buy
    • Book A Buyer’s Meeting
    • Get New Listing Alerts
    • Buyer Calculators
  • Sell
    • Helping You Sell
    • Book A Seller’s Meeting
    • Book A Home Evaluation
  • Senior & Special Needs Services
    • Senior & Special Needs Services
    • Book A Comfort Call
Willows Realty Group Logo

Willows Realty Group

  • Listings
    • Our Featured Listings
    • Search All Listings
    • Map Search
  • About
    • Meet Willows Realty Group
    • How We Give Back
    • Where We Work
    • Sign Up For Our Newsletter
    • Join Our Team
    • Get In Touch
  • Client Experience
  • Blog

Connect With Willows Group

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.

To get started, you can call us at 1.888.926.2066, email us at team@willowsgroup.ca, or complete the form below.

"*" indicates required fields

I agree to be contacted by Willows Realty Group via call, email, and text. To opt out from texts, you can reply, "stop" at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply. Privacy Policy
This field is for validation purposes and should be left unchanged.
Willows Realty Group Logo
  • Buy
    • Helping You Buy
    • Book A Buyer’s Meeting
    • Get New Listing Alerts
    • Buyer Calculators
  • Sell
    • Helping You Sell
    • Book A Seller’s Meeting
    • Book A Home Evaluation
  • Senior & Special Needs Services
    • Senior & Special Needs Services
    • Book A Comfort Call
  • Listings
    • Our Featured Listings
    • Search All Listings
    • Map Search
  • About
    • Meet Willows Realty Group
    • How We Give Back
    • Where We Work
    • Sign Up For Our Newsletter
    • Join Our Team
    • Get In Touch
  • Client Experience
  • Blog

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

February 8, 2024 | Market Update

January 2024 Market Update

Share This Post:
Share on Facebook Share on Twitter Share on LinkedIn Share via email
buyingclaringtondurhamregionrealestateexprealtyhomesforsalekawarthalakesPeterboroughportperryrealestatemarketresalehomessellingwillowsrealtygroup

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!

Sign Up Here

Want To Learn More?

 

 

 

"*" indicates required fields

I agree to be contacted by Willows Realty Group via call, email, and text. To opt out from texts, you can reply, "stop" at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply. Privacy Policy
This field is for validation purposes and should be left unchanged.

Related Posts

May 2024 Market Update

February 2024 Market Update

October Real Estate Market Update: What’s Happening in Durham Region?

Keep Reading

Get Market Insights

Delivered directly to you. We’ll send you market updates, the latest listings, and neighbourhood news when you join our mailing list.

Sign Up

We’re ready to help.

Connect with us to talk real estate, life goals, and how to get started.

To get started, you can call us at 1.866.447.4434, email us at team@willowsgroup.ca, or complete the form.

"*" indicates required fields

I agree to be contacted by Willows Realty Group via call, email, and text. To opt out from texts, you can reply, "stop" at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply. Privacy Policy
This field is for validation purposes and should be left unchanged.

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

💡 Did you know your home equity could be your m 💡 Did you know your home equity could be your most powerful financial tool right now? With rising values and tight inventory, you might have more options than you think. From upgrading to investing or tackling high-interest debt, the smart move is using equity before interest rates change.

As A.I. Certified Agents, we bring you the A.I. Listing Advantage—cutting-edge tools that analyze trends, attract the right buyers, and position your home for maximum exposure.

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

#WillowsRealtyGroup #AICertifiedAgent #AIListingAdvantage #RealEstateTips #HomeEquity #MarketInsights #SmartInvesting #FinancialFreedom #DurhamRegionHomes #OntarioRealEstate #PropertyInvestment #RealEstateAdvice #BuySellInvest #AIinRealEstate #YourNextMove
📍 For Sale in Newcastle! Looking for space, sty 📍 For Sale in Newcastle!
Looking for space, style, and a community you’ll love? 39 Cutler Dr. delivers it all with 2,249 sq. ft., 5 bedrooms, and 4 bathrooms across a smart, family-friendly layout.

Step inside to a bright eat-in kitchen flowing into a cozy family room with a gas fireplace. Upstairs, the primary suite has its own balcony and ensuite—your private retreat. The finished basement offers a rec room, extra bedroom, and full bath—perfect for guests or extended family.

Outside, enjoy a fenced yard, mature trees, and an above-ground pool—ready for summer days and backyard gatherings. Add in the triple-wide driveway and walkable access to shops, parks, and the future K–12 school, and this home is designed for everyday comfort and connection.

💡 With Keith and Lisa’s A.I. Listing Advantage and expertise as A.I. Certified Agents™, this property is reaching more qualified buyers than ever before. That means maximum exposure and faster results.

💬 Ready to see 39 Cutler Dr. in person? Let’s set up your private showing today!

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

#WillowsRealtyGroup #DurhamRegionHomes #NewcastleRealEstate #NewcastleOntario #AICertifiedAgent #AIListingAdvantage #JustListed #OntarioRealEstate #FamilyHomeForSale #AboveGroundPool #RealEstateDurham #NewcastleHomes #DurhamRegionLiving #HomeSweetHome #YourNextMove
📍 Seeley’s Bay, Ontario – For Sale 🌾 Re 📍 Seeley’s Bay, Ontario – For Sale

🌾 Ready to trade city noise for wide-open skies?
This approx. 67-acre country property is your chance to live large, breathe deeper, and create the lifestyle you’ve been craving.

Inside, you’ll find a 4-bedroom, 2-bath two-storey home filled with natural light—featuring hardwood floors, a bright eat-in kitchen, a cozy living room with wood stove, and not one but two relaxing sunrooms perfect for coffee mornings or a home office setup.

Outside, the possibilities are endless: rolling meadows, trails, a barn, chicken coops, drive shed, silo, workshop, detached garage, and more. Whether you’re into hobby farming, weekend projects, or simply want room to roam—this property delivers.

And here’s the edge 👉 With Keith Williams and Lisa C. Follows, your A.I. Certified Agents™, this listing is powered by the A.I. Listing Advantage™, designed to put your property in front of the right buyers faster and smarter than ever.

💬 Want to see it for yourself? Let’s book your private tour today.

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

#WillowsRealtyGroup #AICertifiedAgent #AIListingAdvantage #OntarioRealEstate #SeeleyBayHomes #KawarthaLakesRealEstate #DurhamRegionHomes #CountryLivingOntario #HobbyFarmLife #OntarioAcreageForSale #JustListedOntario #BigLandBigDreams #CanadianRealEstate #RealEstateWithAI #YourNextHome
Your credit score could be the difference between Your credit score could be the difference between securing the home you want and missing out. The good news? Small, consistent steps like paying on time, lowering balances, and reviewing your report can put you in a stronger position with lenders.

When it’s time to buy or sell, working with A.I. Certified Agents means your listings get the A.I. Listing Advantage—smarter marketing, targeted reach, and faster results.

💬 Have questions about preparing to buy or sell? Let’s connect today.

📲 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 #AICertifiedAgent #AIListingAdvantage #RealEstateTips #HomeBuyingMadeSimple #SmartHomeSelling #DurhamRegionHomes #OntarioRealEstate #CreditScoreTips #HomeOwnershipGoals
Thinking about selling your home in Durham? Let's Thinking about selling your home in Durham? Let's make it a smooth ride! 🏡✨

With over 40 years in the real estate game, I'm here to share the best steps for a fast and easy sale:

1️⃣ Start with a Clean Slate: Declutter and depersonalize. A spacious room looks bigger and helps buyers imagine their stuff in your space.

2️⃣ Spruce It Up: Small updates like a fresh coat of paint or fixing leaky faucets work wonders for first impressions.

3️⃣ Price It Right: Use online valuation tools and adjust based on local home sales. 

4️⃣ Market Like a Pro: High-quality photos and virtual tours are key! Our A.I. certification helps us master this!

5️⃣ Partner with an Expert: Work with trusted agents who know Durham like the back of their hand.

Ready to take the leap? 🏠 We're just a message away to help guide your journey! What's holding you back from selling? Share below! 👇

#RealEstate
Ready to call Durham home without breaking the ban Ready to call Durham home without breaking the bank? 🏡

With over 40 years here at Willows Realty Group, we've seen it all and are here to make your home-buying journey easy and stress-free! 

Here's how to budget for your first home in simple steps:

1️⃣ Know Your Budget: Use online calculators like MortgageCalculator.ca to figure out how much you can spend. Don’t forget the extra costs like taxes and maintenance!

2️⃣ Save, Save, Save: Set a savings plan by cutting unnecessary expenses. Your daily coffee doesn't have to be from a café! ☕

3️⃣ Get Pre-Approved: A pre-approval gives you a clear target, putting you a step ahead when you find "the one".

4️⃣ Work with a Local Expert: We know Durham like the back of our hands, and we're ready to help you find a great deal.

5️⃣ Stay Informed: Follow the market trends. Have your eye on that perfect neighborhood? Keep an eye on prices!

Buying a home might seem like a big mountain to climb, but we're here to help every step of the way! 

What's the first step you’re taking today? Share it with us below! 👇

#RealEstate
© 2025 Willows Realty Group
  • Get In Touch
  • Privacy Policy
Made by Artifakt Digital