The Baird Team Real Estate Market Report March 2023
Posted Apr 6th 2023
Durham Region Association of REALTORS® (DRAR) reported 864 residential sales in March 2023. This is an increase of 44% over February’s numbers. This shows our spring market is already off to a great start. The MLS® Home Price Index Composite benchmark rose almost 2.5% from last month in Durham Region to $947,300 in March. We have started to see a surge in new listings from 896 in February to 1299 in March, representing a 44.9% increase.
So far this year, the average prices have been steadily increasing month over month, with multiple offers becoming common again due to strong demand and a short supply of houses for sale.
Here is a breakdown of the average prices for each particular region:
Oshawa: $813, 747
Contact The Baird Real Estate Team at Royal LePage Baird Real Estate to get an updated evaluation for your specific neighbourhood: 905-242-2716.