The temperatures may have been dropping but real estate in the Durham Region continued to heat up in December, closing out the year with a nearly 50% increase in residential transactions.

In December, during what’s typically a quiet month for homebuyer activity, the Durham Region — which spans Ajax, Brock, Clarington, Oshawa, Pickering, Scugog, Uxbridge, and Whitby — saw 773 home sales representing a 49% increase from the same time last year, while the number of new listings last month reached 624, a 46% increase from December 2019.

Detached homes accounted for the majority of the sales, with 498 transactions, with an average price of $868,916.

During the same period, the average selling price in the region for all home types — which includes detached, semi-detached, condo/townhouses, condo apartments, link, and attached row — rose 22% year-over-year, reaching $778,037.

Oshawa recorded 213 residential transactions in December, the highest number of sales in the region, while Uxbridge had the highest average price of $1,012,895.

READ: Led By Single-Family Homes, Average GTA Home Prices Smashed Records in 2020

“The strong demand during the spring market pushed a fast recovery for Durham’s housing market. Record residential sales were reported on a monthly basis,” said the Durham Region Association of REALTORS (DRAR) President Michael Watson.

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