January 6, 2016 @ 9:58 AM
Post by: DRAR
In addition to rising sales, Durham experienced a strong increase in price growth. “The average selling price for Durham Region in 2015 was $442,082”, reported O’Donohue. This represents a 12.9 per cent increase from $391,692 in 2014. The average selling price for the month of December 2015 was $451,671.
“This year, we have seen a steady increase in price and sales growth. Competition between buyers and low interest rates have resulted in upward pressure on sale prices,” explained O’Donohue. “This is evidence that the demand for home ownership in Durham Region has remained strong throughout 2015”.