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Compass Connection & Monthly Market Update – January 2025

January 13, 2025

Monthly Newsletter & Market Update

For 2025, we are anticipating a more robust resale market fueled by lowering interest rates and believe more buyers will enter the market in 2025 as rate conditions continue to improve…

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Shannon Billings - RE/MAX Jazz Inc., Brokerage

Shannon Billings - RE/MAX Jazz Inc., Brokerage

Let your heart be your compass, your mind your map, your soul your guide and you will never get lost.

Shannon Billings - RE/MAX Jazz Inc., Brokerage

6 days ago

Shannon Billings - RE/MAX Jazz Inc., Brokerage
Sometimes the perfect moment to start your next chapter is closer than you think. 🏡 Selling now could open the door to the home and lifestyle you’ve been dreaming of. Let’s make it happen together.Shannon BillingsREALTOR®Senior Real Estate Specialist®RE/MAX Jazz Inc.905-259-5580sbillingsrealtor@gmail.comHelping You Navigate The Right Move! ... See MoreSee Less

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Shannon Billings - RE/MAX Jazz Inc., Brokerage

1 week ago

Shannon Billings - RE/MAX Jazz Inc., Brokerage
🏘️ 🛋️ Make sure to stage your home no matter what. Staging does help obtain a better price.💰Shannon BillingsREALTOR®Senior Real Estate Specialist®RE/MAX Jazz Inc.905-259-5580sbillingsrealtor@gmail.comHelping You Navigate The Right Move! ... See MoreSee Less

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Shannon Billings - RE/MAX Jazz Inc., Brokerage

1 week ago

Shannon Billings - RE/MAX Jazz Inc., Brokerage
Sometimes the perfect moment to start your next chapter is closer than you think. 🏡 Selling now could open the door to the home and lifestyle you’ve been dreaming of. Let’s make it happen together.Shannon BillingsREALTOR®Senior Real Estate Specialist®RE/MAX Jazz Inc.905-259-5580sbillingsrealtor@gmail.comHelping You Navigate The Right Move! ... See MoreSee Less

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Shannon Billings - RE/MAX Jazz Inc., Brokerage

1 week ago

Shannon Billings - RE/MAX Jazz Inc., Brokerage
📊 MONTHLY MARKET UPDATE 📊Here are the latest market stats for The Regional Municipality of Durham📢 December 2025 Housing Market Statistics showed a seasonal slowdown in sales activity as the year came to a close. While activity eased across most Regions, pricing remained relatively stable, supported by healthy inventory levels that continue to provide buyers with a range of options entering into the new year. “As we move through the winter market, we’re seeing the expected seasonal slowdown 📉 in activity. However, we are also seeing how consumer confidence is continuing to shape the 🏠 housing market with💲cost-of-living pressures alongside ongoing interest rate uncertainty,” said CLAR President Christine Riley. “While many households are taking a cautious approach, healthy inventory levels remain across our Regions, continuing to provide buyers with expanded choice.” 🏠 Durham Region recorded 455 home sales in December, down 📉 from 622 in November, reflecting typical year-end seasonality. The average selling price increased 📈 modestly by 0.4% month-over-month to $844,473, demonstrating continued price stability. Compared to December 2024’s average of $930,207, pricing reflects a more ⚖️ balanced market environment. New listings totalled at 529, an increase 📈 of 8.9% from last year's 486, with homes spending an average of 🗓️ 38 days on the market. 📊 Reflecting on the past year, CLAR Chief Executive Officer Wendy Giroux shared her thoughts on the Association’s progress and the opportunities ahead. “This past year has been a learning process for our Association, marked by meaningful growth, strong collaboration, and continued advocacy on behalf of our Members, buyers, and sellers across our vast Region.❓ How does this current market affect your home value? Let's review the data for your specific home! Looking to buy or sell? DM me, or call or text 905-259-5580....#DurhamRegion #Oshawa #Whitby #REMAXJazz #CompassRealEstate #ShannonBillingsRealtor #RealEstate #RealtorLife #FirstTimeBuyer #SeniorRealEstateSpecialist #realestatestats #howsthemarket #housingmarket #marketstatsShannon BillingsREALTOR®Senior Real Estate Specialist®RE/MAX Jazz Inc.905-259-5580sbillingsrealtor@gmail.comHelping You Navigate The Right Move! ... See MoreSee Less

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Shannon Billings - RE/MAX Jazz Inc., Brokerage

1 week ago

Shannon Billings - RE/MAX Jazz Inc., Brokerage
📊 MONTHLY MARKET UPDATE 📊Here are the latest market stats for The Regional Municipality of Durham📢 December 2025 Housing Market Statistics showed a seasonal slowdown in sales activity as the year came to a close. While activity eased across most Regions, pricing remained relatively stable, supported by healthy inventory levels that continue to provide buyers with a range of options entering into the new year. “As we move through the winter market, we’re seeing the expected seasonal slowdown 📉 in activity. However, we are also seeing how consumer confidence is continuing to shape the 🏠 housing market with💲cost-of-living pressures alongside ongoing interest rate uncertainty,” said CLAR President Christine Riley. “While many households are taking a cautious approach, healthy inventory levels remain across our Regions, continuing to provide buyers with expanded choice.” 🏠 Durham Region recorded 455 home sales in December, down 📉 from 622 in November, reflecting typical year-end seasonality. The average selling price increased 📈 modestly by 0.4% month-over-month to $844,473, demonstrating continued price stability. Compared to December 2024’s average of $930,207, pricing reflects a more ⚖️ balanced market environment. New listings totalled at 529, an increase 📈 of 8.9% from last year's 486, with homes spending an average of 🗓️ 38 days on the market. 📊 Reflecting on the past year, CLAR Chief Executive Officer Wendy Giroux shared her thoughts on the Association’s progress and the opportunities ahead. “This past year has been a learning process for our Association, marked by meaningful growth, strong collaboration, and continued advocacy on behalf of our Members, buyers, and sellers across our vast Region.❓ How does this current market affect your home value? Let's review the data for your specific home! Looking to buy or sell? DM me, or call or text 905-259-5580....#DurhamRegion #Oshawa #Whitby #REMAXJazz #CompassRealEstate #ShannonBillingsRealtor #RealEstate #RealtorLife #FirstTimeBuyer #SeniorRealEstateSpecialist #realestatestats #howsthemarket #housingmarket #marketstatsShannon BillingsREALTOR®Senior Real Estate Specialist®RE/MAX Jazz Inc.905-259-5580sbillingsrealtor@gmail.comHelping You Navigate The Right Move! ... See MoreSee Less

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