YEAR OVER YEAR LISTINGS STILL STRONG IN DURHAM DESPITE COOLING MARKET
Monday Jun 6th, 2022
ShareDURHAM REGION, June 2, 2022 – The Durham Region Association of REALTORS® reported 1,025 transactions through their MLS® System in May 2022, down 5.9% from April 2022 and a 34.9% drop year over year. The local housing supply doubled to 1.4 months of inventory in May from only 0.7 months in March 2022. “Seemingly in response to increasing borrowing rates by the Bank of Canada, the market cooled slightly from April to May but only by 7%.” Stated DRAR President Meredith... [read more]