OCTOBER 2021 - REAL ESTATE MARKET UPDATE - YORK AND SIMCOE REGION
TAGS: MARKET UPDATE SIMCOE REGION, MARKET UPDATE YORK REGION, GTA MARKET UPDATE, REAL ESTATE MARKET UPDATE, GTA MARKET UPDATE
Home sales in the GTA reached the second-highest level for the month of October. But again, demand is far exceeding the inventory of homes on the market across the board. The number of new listings on TRREB was down approximately one-third compared to October of last year.
Market conditions across all major home types tightened in comparison to last year and the annual rate of average price growth remained in the double digits. There is a persistent mismatch between supply and demand and, as demand will not be going away, all levels of government need to focus their efforts on supply.
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 October 2021:
York Region :
The average sales price is up slightly compared to September 2021 with a +1.32% increase but up a whopping +24.36% compared to October 2020!
The number of sales is up +8.20 from September 2021!
The number of sales year over year are down -4.43% from October 2020!
Simcoe Region :
The average sales price is up slightly +1.69% compared to September 2021 and up an incredible +30.68% compared to October 2020!
The number of sales is up +20.68% from September 2021!
The number of sales year over year have also dropped a whopping -20.56% from October 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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