Home sales across the board reached another new record, this time for the month of November. The average selling price also achieved a new all-time high. New listings were down substantially compared to last year, further highlighting the supply issue that has been an ongoing problem across all home types in the GTA.
The condo/townhouse segment is continuing to tighten and experience an acceleration in price growth, especially in the outlying suburban areas of the GTA. This is due to the broadening of the economic recovery from the pandemic with first-time home buyers moving back into the market in a big way.
Here is a glimpse at what The Toronto Real Estate Board REALTORS through TREB's MLS
System has released in York and Simcoe Region for the month of November 2021:
York Region :
The average sales price is up slightly compared to October 2021 with a +1.29% increase but up a whopping +27.38% compared to November 2020!
The number of sales is down -13.69 from October 2021!
The number of sales year over year is down -1.86% from November 2020!
Simcoe Region :
The average sales price is up +11.39% compared to October 2021 and up an incredible +38.18% compared to November 2020!
The number of sales is down -5.94% from October 2021!
The number of sales year over year has also dropped -6.27% from November 2020!
Here are the numbers:
I specialize in York and Simcoe however, if you or anyone you know would like to discuss the market or specific neighborhood, please don't hesitate to contact me anytime.
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