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March Durham Region Real Estate Market Report

🎉Hi, it's Lisa Fayle here from Re/Max, bringing you the latest updates on the Durham Region real estate market for March. We've seen a remarkable 21% increase in new listings entering the market, following last month's impressive 47% surge. Sales have also picked up, rising by 15% compared to the previous month and matching sales from this time last year. The trend of properties spending fewer days on the market continues, with new listings averaging just 14 days on the market. The average sale price in Durham has risen by 2% since last month, now standing at $936,166, which is also up by 1% from last year's average. Buyers are keeping a close eye on interest rates, anticipating a potential drop, which could further stimulate the housing market, we'll have to wait and see! Despite economic challenges, our market remains surprisingly resilient. If you're considering a move, don't hesitate to reach out. I'm here to help you explore the exciting options available. Stay connected with me on social media to receive the most recent advice and exclusive sneak peeks of upcoming listings before they are officially released to the public! 📱 Give me a call and we can discuss your options in more detail 905-655-9353. #oshawa #whitby #oshawarealestate #durhamregion #durhamregionrealestate #torontorealestate #toronto #realestate #torontohomes #gta #gtahomes #clarington #claringtonrealestate #bowmanville #peterboroughrealestate #bowmanvillerealestate #pickering #courtice #newcastleontario #portofnewcastle