As we start 2020 the Durham Region Real Estate Market continues to chug along nicely. Prices continue to trend upwards, while the average days on market sitting around 20 days and shrinking. Durham Region does have some of the lowest inventory levels going back as far as 20 years! I think a lot of people are moving up but keeping their current homes and this is causing the low inventory levels ( just my opinion). Lets dig into some current real estate stats for Oshawa.
Oshawa Housing Prices From December 1st to Janaury 1st. According to zolo the average Oshawa price is up 10% year to date, most of those gains coming in the last quarter!
Those are great if you're a home owner and thinking of selling, but not so great for buyers. The rents are also a problem in the GTA. If you want to rent a family home in the Durham Region it's minimum $2000. Housing affordability is becoming a major issue in the GTA regardless if owning or renting. I read an article this morning stating Toronto has now surpassed San Francisco or London for affordability. This will only benefit the Durham Region as people flee to the burbs. Durham Region is still much more affordable in comparison to Oakville or Newmarket areas.
If you are considering taking advantage of this sellers market check out this link discount-real-estate-agent-in-Oshawa to see how you can save thousands in fees when selling in the Durham Region and still get the top price. discount-real-estate-agent-in-Oshawa.
Matt Phillips is a low commission real estate agent with Century21 and has been saving his sellers thousands in commissions for over 19 years. If you would like a free-home-evaluation of your currents home value please don't hesitate to contact Matt Phillips at 905-435-5800 or matt.phillips@century21.ca
Here is a list of homes-for-sale-in-north-oshawa
