Market Update Explanation with Brett Puckrin
May 8th 2020 | Update
𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐚𝐛𝐨𝐮𝐭 𝐰𝐡𝐚𝐭’𝐬 𝐡𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐥𝐨𝐜𝐚𝐥 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐮𝐫𝐢𝐧𝐠 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗. Listen to Brett Puckrin as he explains what we are seeing in this market and what buyers and sellers can look forward to.
Despite this “disruption” to the economy, people always need a place to live, and now they are re-thinking how their current space works for the new work at home environment.
April sales of single-family homes in Durham Region area decreased -52% year-over-year.
Inventory of new listings in April was 883 compared to 1229 in March 2020. The average price for all home types in the area are up by 9.73% .