Durham Average Home Selling Price

The Central Lakes Association of REALTORS® (CLAR) President, Vicki Sweeney, reported the latest real estate statistics for CLAR’s regional area. Transaction volumes across all our regions experienced a month-over-month increase. Additionally, new listings exhibited an increase of 25% from 2140 in February 2024 to 2688 in March 2024. In Durham Region, there were 859 transactions with an average price of $936,166 in March 2024, holding relatively steady compared to March 2023, which saw 860 transactions at an average price of $925,151. Hastings County witnessed a decrease in average price from $583,716 in March 2023 to $558,204 in March 2024. Kawartha Lakes experienced a 6.9% year-over-year increase, with transactions rising from 86 in March 2023 to 92 in March 2024, while the average price decreased from $777,174 to $699,151. Northumberland County demonstrated growth with 132 transactions in March 2024, marking a 5.6% increase compared to 125 transactions in March 2023. Additionally, there was a slight increase in average price from $715,180 to $717,908. The Peterborough region reported 155 transactions in March 2024, with an average price of $682,433, slightly down from $712,008 in March 2023. Prince Edward County observed an 11% increase in transactions from 27 in March 2023 to 30 in March 2024, with a slight decrease in average price from $834,952 to $813,527 over the same period. “Market conditions have shown improvement over the past quarter, with homeowners seemingly anticipating a positive shift in the spring market, evidenced by the significant increase in transactions and new listings so far this year,” stated CLAR President Vicki Sweeney. “Another contributing factor is the Bank of Canada’s decision to hold interest rates.” “We are pleased to note the Government of Ontario’s budget, which includes a $190 billion investment in building more homes, infrastructure, and transit across the province. While a step in the right direction, it’s imperative that we continue to advocate all levels of government to keep housing a priority,” stated CLAR CEO Wendy Giroux.