Contact Information

Back to all insights

Durham Region Real Estate Market Update – Mar 2025

Durham Market Update: Homes Under $1M Selling Fast – The Rest, Not So Much

The Durham real estate market is shifting, and here’s what you need to know: Market Overview:

  • New listings are up 19% year-to-date, increasing options for buyers.
  • Sales are down 18% year-to-date, meaning some properties are taking longer to sell.
  • As a result, the average home price is $897,759  (Down 1% vs. February 2024)

What’s Selling & What’s Not

  • Homes under $1.1M are selling quickly in multiple-offer situations.
  • Homes between $1.2M – $1.7M are sitting on the market longer and often require multiple attempts to sell.
  • High-value, well-presented homes continue to perform well.
  • The most expensive sale in Durham last month was $3.575M.

Is It Still a Buyer’s Market?

Yes—but with conditions. Buyers have more choices and negotiating power, but well-kept homes under $1.1M are still moving fast, likely due to seasonal demand.Condo Market – The Weakest Asset Class

  • Inventory levels higher than ever 📈
  • Pre-construction market facing severe pressure – expect challenges.
  • If you’re closing in 2025, be prepared!

Rental Market Update

  • Extremely slow in late 2024 – early 2025, but starting to pick up.
  • The reason? A surge in purpose-built rentals hitting the market.
  • 2025 will see record-high completions, impacting supply and prices.

Final Takeaway: Durham remains the most affordable municipality for homeownership. Whether you’re buying, selling, or just keeping an eye on the market, staying informed is key.

If you have any questions or are considering a move, let’s connect. I’d be happy to provide insights tailored to your situation.

DR Real Estate Group

647-849-0996

more insights

5.0
Based on 37 reviews
powered by Google
Faris El Jundi
04:20 20 Nov 24
Saman Habibi was an incredible guide throughout my year-long search for the perfect home. His patience, knowledge, and genuine dedication stood out as we viewed countless properties and navigated an ever-changing market. He provided endless advice, always tailored to my needs, and never made me feel rushed or pressured. Saman’s professionalism and unwavering support made a complex journey feel manageable, and I couldn’t be happier with the outcome. I highly recommend him to anyone looking for a thoughtful, trustworthy agent who truly puts their clients first.
Robert Donaghey
19:23 29 Oct 24
Saman was very through throughout the process and went to great lengths to introduce us to the proper contractors to get inspections, etc., completed. We will certainly use Saman as our real estate agent on our future transactions.
Shannon Goddard
16:07 18 Oct 24
If you’re looking for a client centric and honest real estate agent who truly understands the market, Saman Habibi is the agent for you.We were beyond thrilled with our experience working with Saman Habibi of the Durham Region Group (DR Group). Saman is not only incredibly knowledgeable but also exceptionally trustworthy and honest. He took the time to understand our needs, making us feel completely confident throughout the entire process of finding the perfect home in the Durham Region housing market. In working with us, Saman endured a very lengthy home finding/buying journey as we looked to find our forever home in a very specific location at a very specific price range that quite honestly post pandemic, no longer existed. At the end, Saman was able to find us that forever home in our very specific location and well within our budget. His level of understanding, patience and commitment to us throughout this time was unwavering and we could not be happier.In buying a home with Saman as our agent, he was fully committed to ensuring that every step was seamless, with his client-centric approach making us feel like his top priority. His background as a Chartered Accountant (CA) and Certified Public Accountant (CPA), arms him with a very strong analytical and financial skillset that helped us determine the right market value for our buy making the whole process more simple and less stressful.When it came to selling our house, Saman’s deep understanding of real estate trends got us the best results possible. He not only sold our home above asking price (+10%) but did so in a remarkably short timeframe (1 day) at a time when home sales in the Durham Region area were declining YOY and at an annual low. His analytical and strategic approach coupled with a strong pulse on the market was paramount in delivering these results.His honest and positive demeanor, attention to detail and genuine fortitude in working hard to get us the home we wanted within budget is what I believe sets him apart from other agents. Simply put, everyone in the transaction likes working with Saman. You feel good being represented by an agent who conducts business the way Saman does.If you're a first time buyer who needs guidance or an experienced buyer/seller looking for a trustworthy, honest, and 100% client-focused real estate agent in Durham Region, we highly recommend Saman Habibi of the DR Group. You'd be hard pressed to find a better agent.-S.Goddard
SHARON ISEMAN
20:33 22 Aug 24
From day one Saman was tremendously helpful. We didn't want to remain in our home while it was getting ready to be sold and after the For Sale sign went up. He found us a number of places to consider and took us to view them. He made useful suggestions regarding preparing the house and recommended workmen to do the jobs at reasonable cost. Regarding his personality, he was always very courteous, professional, accommodating to our time and tastes and cheerful. All in all, Saman is a hardworking, quiet-spoken man and certainly got the job done to our complete satisfaction. I would recommend him to anyone.
Kayla Hong
20:21 08 Jul 24
Saman is a phenomenal agent and super easy to work with. What we find most valuable is he's investor-friendly and has that valuable pair of eyes to identify both the advantages and issues with the properties we saw. Over our 'longer than expected' home shopping journey, he took us to see many properties and was always very patient to explain things to us---very new home buyers who also are interested in having investment properties. He knows Durham Region like the back of his hands and is always able to tell us which neighorhoods are more desirable and which might not be quite as much, as he's a long-time Durham resident himself. So don't hesitate to work with Saman! He's the guy who will make your home shopping and selling a breeze! Cannot wait to have more work done with him in the future!
Dave Smith
17:46 08 Jul 24
If you ever need a excellent realtor than you need to go with the best Saman Habibi. He assisted us from pillar to post and got us more then we listed for. Saman is the MAN.
Di Ane
15:34 07 Jan 24
Selling and buying a property can be an intimidating process, but working with Saman made it a breeze. I was looking for someone I could trust, someone who knows the market inside out, and Saman exceeded my expectations. He is a true expert in his field, with a proven track record of success.Throughout the sale of my property, Saman went above and beyond to ensure that everything was taken care of. Even though I was 9 months pregnant at the time, he was patient and forward-thinking, always considering my unique circumstances. His advice was sound and he took care of every detail, leaving me with peace of mind.I cannot recommend Saman highly enough. If you're looking for a real estate professional who will go the extra mile for you, look no further. I look forward to working with Saman in the future.
Alex Henderson
20:59 20 Dec 23
I have personally known Saman for nearly twenty years and have worked with him professionally since 2021. I can say with confidence that Saman genuinely cares about his clients, and utilizes his expertise as both a realtor and chartered accountant as a means of providing excellent service time and time again.
Christopher Ioannou
01:13 29 Nov 23
Saman is one of a kind. Super knowledgeable, always came prepared to showings and was able to answer any questions we had. We tasked him with purchasing our home and selling our condo and he executed flawlessly. Top dollar for a condo in this market is unheard of all while securing our house way under budget. You can stop your search for a realtor here..he's worth it..and I don't say that too often.
Sydney Atkinson
22:23 04 May 23
Saman came highly recommended to us and we could not have been in better hands! He is professional and extremely knowledgeable of the real estate market. In our initial meeting for selling our home, he was very prepared and proposed different marketing strategies that proved to be very successful. Our concerns and questions about listing and timing were addressed promptly. Saman took the time understand our goals and expectations and built an effective strategy which made the entire process seamless. He is a very strong communicator and it is reflected in his negotiating skills.We highly recommend Saman. It was a genuine pleasure working with him!
Philippe Alberigo
00:10 08 Nov 19
I attended one of Saman's First Time Home Buyers Seminar. I thought Saman did an excellent Job explaining the new mortgage stress test rules, steps to take when purchasing your first house & options people have to enter into the housing market. Saman understands the Durham market & brings a different approach being a Charter Accountant. I will be using Saman as my agent for my next purchase.
Diane Hansen
22:41 30 Sep 24
My partner and myself were first time home buyers and Will helped finding our first home. Will was very helpful, we didn’t feel pressured into buying anything, he was honest and gave us more insite into the home buying process. We would recommend him as a realtor to any of our family or friends.
Maxine D
02:03 24 Jul 24
It was a pleasure working with Will from DR Group! I've worked with him multiple times and referred him as well. I listed my home with Will and he was very personable, professional, knowledgeable and paid close attention to details. He was always prompt in responding to my messages. I also like the fact that Will is also very involve in his community, promoting local businesses! He is a pleasure to work with and I highly recommend him.
Cheryl L
22:23 05 Jun 24
I am so glad I chose Will as my real estate agent. His professionalism, knowledge and expertise combined with his patient approach made a very stressful situation very smooth and successful. Will went above and beyond to support me. He was always available and communicated each step of the process to ensure I understand and addressed all of my questions. I highly recommend Will to anyone looking for top-notch real estate services.
Jay Dart
00:34 23 Apr 24
Romi Raina
20:25 15 Apr 24
Working with Will was a total pleasure. He is very approachable and easy to talk to. I was impressed with his attention to detail and diligent work ethic.
Nikki Chamberlain
16:27 15 Apr 24
My husband and I have been lucky enough to work with Will selling our home as well as purchasing our new one. From the moment we meet him we just clicked. He took the time to really listen to our needs and always made us feel like a priority. Would definitely recommend working with Will and his team!!
Alex Cyr
00:08 07 Feb 24
I'm incredibly grateful for Will at, Right at Home Realty. His guidance and support have been instrumental in my growth as a real estate professional. Will exemplifies professionalism, expertise, and genuine care. Highly recommended for anyone seeking a dedicated and knowledgeable partner in their real estate journey. Thank you, Will, for your continued mentorship!
Joseph Idun
02:48 06 Nov 24
We had an amazing experience working with Riyad to purchase our first home! From start to finish, Riyad was incredibly patient, attentive, and dedicated to making the process as smooth as possible. He took the time to explain every step and made sure we were comfortable and well-informed throughout. His professionalism and commitment to our needs truly made this experience enjoyable. Highly recommend!
Danele Felthman
16:01 18 Oct 24
I’ve been working with Riyad over the last year and I cannot recommend him enough. His knowledge of the industry, individual housing markets, and strategies are a huge asset to anyone looking to buy or sell. He also actively participates in the community he believes in.
Aaron Carlo Rodriguez
22:32 22 Aug 24
Riyad is the best in the game. Guaranteed. Very professional & courteous from the get go. Got us the best price for both selling & buying. I would 100% recommend Riyad to anyone that's looking to sell their property or purchasing a new home.
Ashley Connor
17:40 22 Aug 24
Working with Riyad to sell our first home in South-East Ajax was a positive experience. His professionalism, local market knowledge, and commitment helped make the process smooth and manageable. Riyad provided valuable assistance in preparing our home for listing with his network of contractors, ensuring it was ready to attract potential buyers.He guided us through each step, allowing us to quickly sell our home with a profitable outcome. We appreciate his efforts and would recommend him to others looking to buy or sell their home.
The ODonohue
19:08 14 May 24
Re: Riyad Ali. I have done 13 real estate transactions over the past 50 years. Riyad Ali is by far the best agent ever. He offered no hard sell, a smart marketing plan, consistent feedback and excellent ongoing information. Riyad, You're an A+, A+ John
Dino Kalo
16:11 15 Apr 24
We had the pleasure of working with Riyad, and I must say he was an exceptional realtor. Riyads unwavering dedication, quick responsiveness, and genuine kindness truly stood out. He was a strong advocate for us throughout the process, and his assistance was invaluable. I highly recommend Riyad to anyone looking for a realtor who goes above and beyond.
Nikki Chamberlain
22:21 13 Apr 24
Recently had the pleasure of working with Riyad and Will. From our initial conversations and throughout the whole process they made sure they were readily available to answer any and all questions. They always made us feel like a priority and accommodated our last minute requests to go view properties. We used Riyad and Will not only to sell our house but also to purchase our new home since our experience was so amazing. Definitely recommend these guys!!
Mika
22:09 15 Dec 23
I've been working with Riyad to purchase my first home and honestly, it's been such a great experience. He is patient, kind, knowledgeable and goes the extra mile to ensure that you are informed of your decisions and know all possible options. Prior to working with Riyad, I was really overwhelmed with the current market and knowing where to start but Riyad has helped guide me and answers my many questions. He has a really good network and is connected to all the right people that you would need when making a home purchase. I feel confident and excited about my decision!
Valerie Venditti
10:41 09 Nov 23
Riyad was wonderful at both selling our home and finding our new home that met all the requirements. Riyad is always readily available and was so attentive and took the time to explain everything in detail . We found that Riyad was very knowledgeable, professional and dedicated in helping us find the perfect home. He is very accommodating and ensured that we were educated on any potential risks of any purchases of certain properties. Thank you so much, Riyad for all your help. We are incredibly grateful!!!

Proudly Serving:
Durham Region and Surrounding areas

Facebook-f Instagram Twitter Youtube
Quick Links
Get In Touch

© 2024 DR Group Real Estate- All Rights Reserved.

Made With 💛 By HS Media

Subscribe to our newsletter