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.