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Housing market beating the cold

By Dave Flaherty/The Oshawa Express

Durham Region’s hot housing market continued throughout November.

The Durham Region Association of Realtors (DRAR) reported 872 residential transactions last month, a 19.5 per cent increase from the same period in 2018.

According to new DRAR president Vicki Sweeney, it’s been a banner year for the real estate industry in Durham.

“The housing market in Durham has seen significant year-over-year sales growth in 2019. The number of new listings in Durham for the month of November was down in comparison to the same time last year and this trend is anticipated to continue as more people enter the market,” said Sweeney. “It is encouraging to see the days on market decrease from 27 days in November 2018 to 23 days this past month.”

The average selling price in Durham Region last month reached $611,872, an increase from $590,403 at the same time in 2018.

DRAR also announced Grandview Children’s Centre as the organization’s 2019 charity of choice.

A total of $35,000 has been raised for Grandview by DRAR throughout 2019.

The money will be used to support the construction of Grandview’s new centre in Ajax, set to open in 2020.