November 2021 Durham Region Monthly Housing Update

Wednesday Dec 08th, 2021

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November 2021 Durham Region Monthly Housing Update

 

In November 2021, we have seen 1.09K properties listed which has resulted in a 0.36% decrease from November, 2020 in which 1.10K
properties were listed; we have seen a year-to-date value of 18.4K in 2021 and 16.9K in 2020 resulting in an 8.90% increase.
 
 
In November 2021, we have seen a total value of 976 sold properties which has resulted in a 12.54% decrease from November 2020 in
which 1116 listings were sold; we have seen a year-to-date value of 14369 in 2021 and 12494 in 2020 resulting in a 15.01% increase.
 
The average sales price in November 2021 is $1.00M, a 32.33% increase from November 2020. The average sales price of November 2020
was $758K. We have seen a year-to-date average sales price of $922K in 2021 and $702K in 2020 resulting in a 31.25% increase.
 
The average ask to sell ratio in November 2021 was 1.204, a 14.18% increase from November 2020 with an ask to sell ratio of 1.054.
We have seen a year-to-date average ask-to-sell ratio of 1.141 in 2021 and 1.028 in 2020 resulting in an 11.06% increase.
 

I. Monthly New Listings

  • Nov. 2021 - There were 1.09K New Listings, a 0.36% decrease from November 2020
  • Nov. 2020 - There were 1.10K New Listings, a 0.37% increase from November, 2019.
  • Nov. 2019 - There were 1.09K New Listings, an 11.50% decrease from November 2018.
  • Nov. 2018 - There were 1.09K New Listings, an 11.50% decrease from November 2017.

 

II. Monthly Sales Price 

  • Nov. 2021 - The average asking price was $883K, a 16.40% increase from November 2020.
  • Nov. 2020 - The average asking price was $759K, a 10.68% increase from November 2019.
  • Nov. 2019 - The average asking price was $685K, a 3.58% increase from November 2018.
  • Nov. 2018 - The average asking price was $662K, a 0.15% decrease from November 2017.

 

III. Monthly Sold Properties

  • Nov. 2021 - There were 976 sold properties, a 12.54% decrease from November 2020.
  • Nov. 2020 - There were 1116 sold properties, a 30.99% increase from November 2019.
  • Nov. 2019 - There were 852 sold properties, an 18.66% increase from November 2018.
  • Nov. 2018 - There were 718 sold properties, a 20.66% decrease from November 2017.
 

IV. Monthly Sales Price

  • Nov. 2021 - The average sales price was $1.00M, a 32.33% increase from November 2020.
  • Nov. 2020 - The average sales price was $758K, a 23.94% increase from November 2019.
  • Nov. 2019 - The average sales price was $612K, a 3.76% increase from November 2018.
  • Nov. 2018 - The average sales price was $590K, a 2.47% increase from November 2017.

 

V. Monthly Days on Market

  • Nov. 2021 - The average number of days on market was 8.00, a 42.86% decrease from November 2020.
  • Nov. 2020 - The average number of days on market was 14.00, a 41.67% decrease from November 2019. 
  • Nov. 2019 - The average number of days on market was 24.00, a 14.29% decrease from November 2018.
  • Nov. 2018 - The average number of days on market was 28.00, a 21.74% increase from November 2017.

 

VI. Monthly Ask to Sell Ratio

  • Nov. 2021 - The average ask to sell ratio was 1.204, a 14.18% increase from November 2020.
  • Nov. 2020 - The average ask to sell ratio was 1.054, a 6.49% increase from November 2019.
  • Nov. 2019 - The average ask to sell ratio was 0.990, a 0.92% increase from November 2018.
  • Nov. 2018 - The average ask to sell ratio was 0.981, a 0.50% decrease from November 2017.

 

 
 
 

 

 

Tags: #Monthlyreport #Housingupdate #Housingmarketupdate #Durhamregion

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