2024 Region Real Estate Market Recap

 

2024 was a game-changer for the Durham housing market! 

Here’s the lowdown:

 

More Listings, More Choices: New listings soared, giving buyers way more options.

Prices Held Steady: Detached and semi-detached homes stayed strong, while condos cooled off.

Interest Rates Dropped: The Bank of Canada slashed rates in late 2024 ending off at 3.25%

 

First-Time Buyers on Pause: High interest rates kept many on the sidelines, but rate drops brought buyers out in November and December. 

 

What This Means for YOU

Buyers: More inventory = more negotiating power.

Sellers: Detached and Semi Detached homes are in demand—get ahead of the curve!

Investors: Durham is primed for growth as the market heats up with economists expecting higher gain than the national average. 

 

DM or call me to start your real estate journey today!

​

​

​

​

​