⛄Happy Holidays! Hi, it’s Lisa here, bringing you an exclusive update on the Durham Region real estate market for November 2024.
Here’s what’s happening:
Sales are down 17% compared to last month, but it’s worth noting a remarkable 37% increase in sales from this time last year.
We’ve seen a 32% drop in new listings month-over-month, but only a modest 5% decrease year-over-year.
Active listings are up 25% compared to November 2023, providing buyers with more options.
The market is balanced, creating favorable conditions for buyers with more choices and room to negotiate.
The average time a property spends on the market has extended to an average of 24 days.
The average sale price has edged up 2% from October, reaching $904,226.
Thinking about selling or curious about your options? Let’s chat! I'm here to discuss your possibilities and guide you through the process.
Wishing you a wonderful holiday season from all of us at The Lisa Fayle Team!
Thinking of a sale? Call Lisa Fayle!
905-655-9353
www.lisafayle.com
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