December 2021 Durham Region Monthly Housing Update

In December 2021, we have seen 608 properties listed which have resulted in a 7.46% decrease from December 2020 in which 657 properties were listed;

we have seen a year-to-date value of 19048 in 2021 and 17584 in 2020 resulting in an 8.33% increase.

In December 2021, we have seen a total value of 646 sold properties which has resulted in a 13.98% decrease from December 2020 in which 751 listings were sold;

we have seen a year-to-date value of 15106 in 2021 and 13245 in 2020 resulting in a 14.05% increase.

The average sales price in December 2021 is $1.02M, a 30.11% increase from December 2020. The average sales price of December 2020 was $782K.

We have seen a year-to-date average sales price of $926K in 2021 and $707K in 2020 resulting in a 31.10% increase.

The average asks to sell ratio in December 2021 was 1.213, a 13.09% increase from December 2020 with an ask to sell ratio of 1.072.

We have seen a year-to-date average ask to sell ratio of 1.145 in 2021 and 1.030 in 2020 resulting in an 11.13% increase.

I. Monthly New Listings 

• Dec. 2021 - There were 608 new listings, a 7.46% decrease from December, 2020
• Dec. 2020 - There were 657 new listings, a 38.32% increase from December, 2019
• Dec. 2019 - There were 475 new listings, a 17.53% decrease from December, 2018
• Dec. 2018 - There were 576 new listings, a 21.53% decrease from December, 2017

II. Monthly Sales Price

• Dec. 2021 - The average asking price was $933K, a 16.03% increase from December 2020
• Dec. 2020 - The average asking price was $804K, a 10.24% increase from December 2019
• Dec. 2019 - The average asking price was $729K, a 5.83% increase from December 2018
• Dec. 2018 - The average asking price was $689K, a 5.36% increase from December 2017

III. Monthly Sold Properties

• Dec. 2021 - There were 646 sold properties, a 13.98% decrease from December 2020
• Dec. 2020 - There were 751 sold properties, a 40.90% increase from December 2019
• Dec. 2019 - There were 533 sold properties, a 20.86% increase from December 2018
• Dec. 2018 - There were 441 sold properties, a 20.25% decrease from December 2017

IV. Monthly Sales Price

• Dec. 2021 - The average sales price was $1.02M, a 30.11% increase from December 2020
• Dec. 2020 - The average sales price was $782K, a 22.45% increase from December 2019
• Dec. 2019 - The average sales price was $639K, an 8.86% increase from December 2018
• Dec. 2018 - The average sales price was $587K, a 3.38% increase from December 2017 

V. Monthly Days on Market 

• Dec. 2021 - The average days on the market was 9.00, a 40.00% decrease from December 2020
• Dec. 2020 - The average days on the market was 15.00, a 50.00% decrease from December 2019
• Dec. 2019 - The average days on the  market was 30.00, a 9.09% decrease from December 2018
• Dec. 2018 - The average days on the  market was 33.00, a 22.22% increase from December 2017

VI. Monthly Ask to Sell Ratio

• Dec. 2021 - The average ask to sell ratio was 1.213, a 13.09% increase from December 2020 
• Dec. 2020 - The average ask to sell ratio was 1.072, an 8.28% increase from December 2019 
• Dec. 2019 - The average ask to sell ratio was 0.990, a 1.18% increase from December 2018 
• Dec. 2018 -  The average ask to sell ratio was 0.979, a 0.20% decrease from December 2017