New Street January 2021 Durham Region Real Estate Market Report //
Price//
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The average price of a home in the Durham Region was $876,133 in January 2021.
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This figure was up by approx. 13% from Dec. 2020.
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The average price increased from last year by approx. 34% ( Jan. 2020).
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Condo Towns and Semis saw the largest price increase from last year ( Jan. 2020) by 44% and 43% respectively.
Sales Activity//
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With 651 sales, volume increased from last year (Jan. 2020) by approx. 11%.
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Sales activity was down from last month by approx. 16%.
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Condo Towns saw the largest upswing in activity by 72%.
Market//
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There is currently 0.9 months of supply in the Durham Region with Semis and Towns are seeing the lowest amount of inventory.
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Homes are selling for over asking at 110% of the listing price in the Durham Region.
Analysis//
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Condo Towns saw the largest upswing in activity by 72%. from last year (Jan. 2020) and the average price overall was up by approx. 34%.