The Durham Region Association of Realtors (DREB) has stated that the re-sale housing market in Durham Region is off to a promising start, with 582 re-sale homes changing hands in January compared to 517 in December.

The average selling price of a re-sale home in Durham Region was $318,668 in the month of January, which is an increase of 2% from December.

DREB President, Christine Marquis, expressed “Consumer confidence continues to be high and low borrowing rates continue to make homes in the Durham Region affordable.”

“The Durham Association of REALTORS® believe that one of the keys to maintaining a high quality of life in Durham Region is a strong economy and we are encouraged by the level of economic activity that is occurring around the Region. Consumers recognize that Durham has a lot to offer and we expect to see sales figures and average selling prices continue to experience modest growth in 2012,” added Marquis.