Are you curious about the latest trends in Durham's real estate market? I've got you covered with a comprehensive update that breaks down the key performance indicators and what they mean for buyers and sellers.

In this episode, we'll dive into the October stats and compare them to BMO's predictions for 2025. You'll get an insider's look at how the market is shifting and what it means for your real estate decisions.

What You'll Learn:

• The current state of active listings and sales volume in Durham

• How average sales prices are trending month-over-month

• Why the absorption rate is a critical indicator of market balance

• What BMO's economic predictions suggest for the coming quarters

• Actionable insights for both buyers and sellers in today's market

Key Market Insights:

• Active listings are down, while sales volume is up

• We've returned to a balanced market with a 40% absorption rate

• Average days on market are holding steady around 22-23 days

• Pricing strategies are crucial in the current market conditions

What This Means for You:

If you're a buyer, now might be an excellent time to enter the market. With high inventory, stable prices, and predicted rate drops, you could find yourself in a uniquely advantageous position.

For sellers, while the market isn't seeing dramatic price increases, the uptick in sales volume could present opportunities, especially if you're considering selling an investment property.

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