September marked the transition from the slower summer market to the busier fall market throughout the GTA. The average selling prices have increased in comparison to the month of August, being up both month-over-month and year-over-year. Sales have increased relative to August in many GTA markets, with TRREB recording the third highest mark on record for the month of September
Demand for housing has remained very robust throughout September, with many qualified buyers ready to buy a home if they could find a suitable property. The lack of housing supply has reached a critical juncture and all levels of government need to collaborate on finding a solution.
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 September 2021:
York Region :
The average sales price is up slightly compared to August 2021 with a +5.30% increase but up a whopping +27.44% compared to September 2020!
The number of sales is up +4.63% from August 2021!
The number of sales year over year are down -16.83% from September 2020!
Simcoe Region :
The average sales price is up slightly +0.06% compared to August 2021 and up an incredible +32.12% compared to September 2020!
The number of sales have dropped -4.44% from August 2021!
The number of sales year over year have also dropped a whopping -39.23% from September 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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