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Featured, Durham Region, Real Estate Market Report

May 2021 // Durham Region Real Estate Market Report

June 15, 2021

The New Street May 2021 Durham Region Real Estate Report //

 

 

Prices //

  • The average price of a home in Durham Region was $902,135 in May 2021.
  • This figure was up by approx. 0.5% from last month (Apr. 2021).
  • The average price increased from last year by approx. 39% (May 2020).
  • Detached and Semis saw the largest increase from last year (May 2020) at 42% and 39% respectively.

 

 

Sales Activity //

  • With 1,574 sales, volume decreased from last month (Apr. 2021) by approx. 11%.
  • Sales activity was up from last year (May 2020) by approx. 104%.
  • Condos and Semis saw the largest spike in activity, up by approx 146% and 131% respectively.

 

Market //

  • There is currently 0.6 month of supply on the market on average.
  • Homes are selling for 112% of their listing price on average.

Analysis//

  • Prices of Detached homes saw the highest price increase of 42% from the last year May 2020 and Condos had the highest sales increase of approx. 146% from last year.
Robert Jendrzejczak // NS Admin

As the Founder of New Street, Robert is passionate about optimizing the customer experience. He is a stickler for real-world business results. Rob has developed deep insights into the market and an insider perspective of what homebuyers are looking for these days. When he’s not helping New Street clients, he’s probably catching a run while purposefully ignoring the stop signs. Follow robertj.ca on Instagram.

All Stories By : Robert Jendrzejczak // NS Admin

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