Durham Average Selling Price January 2024

Durham Average Home Selling Price January 2023

JANUARY 2024 HOUSING STATISTICS
The Central Lakes Association of REALTORS® (CLAR) President, Vicki Sweeney, reported the latest real estate statistics for CLAR’s regional area. Moving into the new year the housing market is beginning to pick up with the number of transactions increasing on a month-over-month basis in almost all regions in our area. Durham Region saw a 37% increase on a year-over-year basis from 394 transactions in January 2023 to 539 transactions in January 2024. Average price also increased slightly from $886,849 to $894,825. Hastings Region saw a small increase in average price from $517,314 in January 2023, to $533,548 in January 2024. However, number of transactions saw a decrease from 109 to 100 over the same time frame. Kawartha Lakes showed 51 transactions in January 2024, a slight increase compared to 49 transactions in January 2023. We also saw an increase in average price from $691,718 to $702,016. Northumberland Region showed 82 transactions in January 2024, a significant 61% increase compared to December 2023. We also saw an increase in average price from $679,381 to $709,097. Peterborough Region also showed an increase in transactions of 17% from 97 in January 2023 to 114 in January 2024. Average price also increased from $609,351 to $639,228 over the same time frame. CLAR President Vicki Sweeney states “We are thrilled to see the housing market heating up with increased transactions across almost every area. Buyers are out and actively seeking homes.” “We are encouraged to see that Peterborough is ahead of the curve in housing starts. The issuance of permits for construction on 435 housing units in 2023, surpassing the City’s provincial targets, reflects their commitment to supporting the local housing industry. As well, Oshawa had its second strongest City building year on record in 2023 marked by all-time industrial building records. We look forward to seeing how all regions in our area continue work to support the housing industry” states CLAR CEO Wendy Giroux. “

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