Durham Region Housing November 2023

Housing Market Report for November 2023

Here is the Region of Durham  Housing November 2023 report (all housing types), with reports from the Canadian Real Estate Association,  Toronto Regional Real Estate Board and the Durham Association of REALTORS®  included.

This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.

 

^{Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog, Brock and the Kawartha Lakes.}

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CREA HOUSING MARKET REPORT – NOVEMBER 2023

 

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Read the Toronto Regional Real Estate Board  Market Watch Report 

 

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Read the Durham Association of REALTORS® FULL Real Estate Report

 

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Durham Region Full Report

*Some values may vary slightly based on the exact date and time the reports were generated.

 

November 2023 brought notable shifts in the real estate market, with 1.39K properties listed—an impressive 23.80% increase from the same month in 2022. However, the year-to-date volume for 2023 stands at 16.8K, reflecting a 10.82% decrease compared to the 18.9K recorded in 2022.

In terms of property sales, November 2023 saw 575 properties changing hands, indicating a 2.04% decrease from November 2022. The year-to-date sales volume for 2023 is 8,484, showing a 15.01% decline from the 9,982 transactions in 2022.

The average sales price in November 2023 reached $903K, marking a 1.29% increase from November 2022’s $891K. However, the year-to-date average sales price for 2023 is $942K, reflecting an 8.64% decrease compared to the $1.03M recorded in 2022.

Examining the market dynamics, the average ask-to-sell ratio for November 2023 stands at 0.994, indicating a 1.26% decrease from the 1.007 ratio observed in November 2022. The year-to-date average ask-to-sell ratio for 2023 is 1.047, reflecting a 7.06% decrease from the 1.127 ratio in 2022. These trends highlight the evolving landscape of the real estate market, influencing both listing and selling dynamics.

 

 

Quick Review

 

 

New Listings – November 2023

 

 

New Listings – Year-To-Date

 

 

Average Asking Price – November 2023

 

Average Asking Price – Year-to-Date

 

 

Number of Properties Sold – November 2023

 

 

Number of Properties Sold – Year-to-Date

 

 

Average Sold Price – November 2023

 

 

Average Sold Price – Year-to-Date

 

 

Days on Market – November 2023

 

 

Days on Market – Year-to-Date

 

 

Average List Price to Sell Price Ratio – November 2023

 

Average List Price to Sell Price Ratio – Year-to-Date

 

*Information is believed to be accurate at time of posting but is not guaranteed to be correct 

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Click below for more reports

Township of Uxbridge

Township of Scugog

Township Brock

City of Kawartha Lakes