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 things real estate in Durham Region. Today we’ll be reviewing the market update numbers for September 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.

LISTINGS
We saw a total of 1,314 new listings come to the market in Durham Region this September which was a decrease of 29.9% than the 1,873 that came to market last year at this time.


SALES
We had 1,006 homes sold in Durham Region this September and that is a decrease of 32.6% from the 1,492 that were sold at the same time in 2020.


AVERAGE SALES PRICE
So, what does this all mean for sales prices? The average sale price in Durham Region in September 2021 was  $968,168. This is an increase of 31.9% from the 2020 average of $734,038!


 

Since the shutdown, I’ve had countless conversations about how to approach this market and as always, I tell them it really comes down to their needs. Don’t try and time the market! No one could have predicted a price increase like this. The best time in the market was 10 years ago. The second best time is now. Start your search today! http://www.soldbyjacob.com/images/landing/buyer_1.1/index.asp

The market will continue to be volatile but demand doesn’t look like it will be cooling anytime soon. Sellers, it is a great time to sell. If you are downsizing or moving out of province, contact us to find out more about our Hassle Free Home Selling Program http://www.soldbyjacob.com/hassle-free-home-selling-program/