August 2022 Durham Region Monthly Market Update

Friday Sep 16th, 2022

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Overview

In August, 2022, we have seen 1.37K properties listed which has resulted in a 12.62% increase from August, 2021 in which 1.21K properties were listed; We have seen a year to date volume of 14.9K in 2022 and 14.8K in 2021 resulting in a 0.80% increase.

 

In August, 2022, we have seen a total volume of 810 sold properties which has resulted in a 25.48% decrease from August, 2021 in which 1087 listings were sold; We have seen a year to date volume of 7924 in 2022 and 11303 in 2021 resulting in a 29.89% decrease.

 

The average sales price in August, 2022 is $911K, a 0.21% decrease from August, 2021. The average sales price of August, 2021 was $913K. We have seen a year to date average sales price of $1.06M in 2022 and $904K in 2021 resulting in a 17.45% increase.

 

The average ask to sell ratio in August, 2022 was 1.012, a 10.88% decrease from August, 2021 with an ask to sell ratio of 1.136. We have seen a year to date average ask to sell ratio of 1.156 in 2022 and 1.131 in 2021 resulting in a 2.22% increase

 

 

I. New Listings

 

  • August 2022- There were 1.37K new listings, a 12.62% increase from August, 2021
  • August 2021- There were 1.21K new listings, a 36.58% decrease from August, 2020
  • August 2020- There were 1.91K new listings, a 17.60% increase from August, 2019
  • August 2019-There were 1.63K new listings, a 6.21% increase from August, 2018

II. Average Asking Price 

  • August 2022- The average asking price was $998K, a 13.77% increase from August, 2021
  • August 2021- The average asking price was $877K, a 15.77% increase from August, 2020
  • August 2020- The average asking price was $758K, a 7.43% increase from August, 2019
  • August 2019- The average asking price was $705K, a 5.62% increase from August, 2018

 

III. Sold Properties 

 

  • August 2022- There were 810 sold properties, a 25.48% decrease from August, 2021
  • August 2021- There were 1087 sold properties, a 30.14% decrease from August, 2020
  • August 2020- There were 1556 sold properties, a 51.95% increase from August, 2019
  • August 2019- There were 1024 sold properties, a 19.21% increase from August, 2018

 

IV. Average Sale Price

  • August 2022- The average sales price was $911K, a 0.21% decrease from August, 2021
  • August 2021- The average sales price was $913K, a 24.41% increase from August, 2020
  • August 2020- The average sales price was $734K, a 20.06% increase from August, 2019
  • August 2019- The average sales price was $611K, a 2.65% increase from August, 2018

 

V. Average Days on Market 

 

  • August 2022- The average days on market was 17.00, a 70.00% increase from August, 2021
  • August 2021- The average days on market was 10.00, a 28.57% decrease from August, 2020
  • August 2020- The average days on market was 14.00, a 44.00% decrease from August, 2019
  • August 2019- The average days on market was 25.00, a 7.41% decrease from August, 2018

 

VI. Average Ask to Sell Ratio

  • August 2022- The average ask to sell ratio was 1.012, a 10.88% decrease from August, 2021
  • August 2021- The average ask to sell ratio was 1.136, a 9.21% increase from August, 2020
  • August 2020- The average ask to sell ratio was 1.040, a 5.41% increase from August, 2019
  • August 2019- The average ask to sell ratio was 0.987, a 0.54% increase from August, 2018

 


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