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January 2025 Market Recap

 

Durham Region’s real estate market kicked off 2025 with solid momentum, showing positive growth both month-over-month and year-over-year. With TRREB forecasting a 12.4% jump in home sales and a 2.6% price increase across the GTA this year, the market is heating up as lower borrowing costs bring more buyers off the sidelines.

 

Locally, the average home price in Durham hit $896,611 in January, edging up from last year and showing steady gains from December. While sales dipped slightly year-over-year to 489, momentum is building, with increased buyer confidence and a surge in new listings giving the market fresh energy.

 

Surrounding areas also saw encouraging signs—Kawartha Lakes prices jumped 7.5% to $755,211, while Peterborough’s active listings soared 76%, adding more options for buyers.

 

With more homes hitting the market and affordability improving, Durham is gearing up for a busy spring. Buyers and sellers alike should be ready—2025 is shaping up to be a year of opportunity!

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