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John Owen, Broker | 905-434-0067

Durham Region Real Estate Sales Report - February 2021

MONTHLY MARKET REPORT



Durham Region Real Estate Prices 2021



February carried on with even stronger numbers than January, with record numbers for selling prices for Durham Region real estate. 

February 2021 Durham Region Real Estate Market Report

Extreme levels of demand, ultra-low interest rates and scarce inventory of home listings in Durham Region was evident in the results, with average prices setting new all-time highs, and multiple offer scenarios becoming commonplace at most price levels.


Price


Prices in Durham increased by 36.1% since February 2020 and 2.2% since January 2021. 


The latest market statistics show the average Durham property at $895,441  - up versus last month's 876,133 by 19,308 (+2.2%).



Search Durham Listings with sold prices


Inventory


Active listings in Durham Region were 805 at the time this report was compiled. That is a 22.3% decrease from last year and a 78.5% increase from January.


There was 0.8 months of inventory at the end of February (trend figure, per TRREB - current figures are much lower), once again increasing buyer competition at properties at virtually all price points.



Demand


Sales volume in Durham Region increased 55.5% from last year with 1384 units sold versus 890 last February. It was up from January by 112.6%. This is the highest volume on record for the month of February


The time a property takes to sell is called DOM or days on market. It was 7 in February.


Another indicator of demand is sale price compared to list price. It was 114% in Durham in February, again showing extremely strong levels of buyer demand, as the typical property sold for well over list price.


These factors combined are a good barometer for sellers, as it shows that not only is current inventory moving at a rapid pace, but it is also selling at a price that is well over list.


Durham Region Prices by Home Type


Durham Region Detached Home Prices 2021


Durham Region Detached Home Prices 2021


Durham Region Townhouse Prices 2021


Durham Region Condo Prices 2021


Durham Real Estate Market Statistics by City

Clarington Real Estate Market Report



Oshawa Real Estate Market Report 2020


Whitby Real Estate Market Report 2020



Ajax Real Estate Market Report 2020



Pickering Real Estate Market Report


Scugog Real Estate Market Report

Uxbridge Real Estate Market Report 2020


If you are interested in seeing values for an area not shown or are interested in other figures, please comment below or contact me.   As always, give me a call anytime if you would like to discuss further without any obligation.


 

John Owen

Broker, REALTOR®, RE/MAX Impact Realty

905-434-0067


* - shading in the top chart signifies buyer or seller leaning stats - red is seller, blue is buyer with more intense shading signifying stronger impact.


Statistics are compiled from TRREB MLS® system, and may change as more sales are reported, errors corrected and deals that do not close are removed.



Want to keep updated on Durham Real Estate? 

       



Older Reports

January 2021

December 2020

October 2020

September 2020

August 2020

July 2020

June 2020

April 2020

March 2020

February 2020


More are in the archive. 


Member, Canadian Real Estate Association (CREA), Ontario Real Estate Association (OREA), Toronto Regional Real Estate Board (TRREB).

      

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