April 2023 Newsletter and Market Update

August 25, 2023

Need For More Inventory

A slower start to the real estate market in the Durham Region this year has largely been a result of lack of participation among sellers. Surprisingly, buyers are in the game, but Sellers have yet to enter the field in the numbers required to meet demand. Quite frankly, our inventory levels have suffered since before the beginning of the New Year and have yet to replenish themselves. As such, we are seeing multiple offers again, the holding back of offer presentations, and homes selling considerably over list price…