November 2021 Durham Real Estate Market

Hi everyone, welcome back to our monthly market update! My name is Jacob and I’m a broker and team lead of Asparian & Co. We’re a boutique team focused on all thing’s real estate in Durham Region. Today we’ll be reviewing the market update numbers for November 2021 but also looking at market activity levels to see if we can see where the market is heading now.

The basics! In every market, the 3 most important numbers we look at our listings, sales, and average sales price.

We saw a total of 1,044 new listings come to the market in Durham Region this November which was a increase of 0.19% than the 1,042 that came to market last year at this time.
We had 1,013 homes sold in Durham Region this November and that is a decrease of 6.89% from the 1,088 that were sold at the same time in 2020.
So, what does this all mean for sales prices? The average sale price in Durham Region in November 2021 was $988,594. This is an increase of 30.9% from the 2020 average of $762,739!

One of the biggest mistakes buyers make is trying to time the market and waiting on the sidelines for prices come down. With the current economic environment, it doesn't seem like that will be happening any time soon. The best time to buy real estate was 10 years ago, the second best time is now. If you are interested in buying real estate in Durham Region, Asparian & Co would love to help. Contact us and start your search today! 

With the supply being at historic lows and demand picking up, it is a great time to be a seller. If you are looking to make a move, make sure you have a professional team guiding you from start to finish. We offer a comprehensive listing package that includes staging, cleaning, professional photography and so much more. Satisfaction guaranteed. Contact us today for a no obligation market evaluation. Contact us!