Scugog Housing August 2024

Housing Market Report for August 2024

Here is the Region of Durham  Housing August 2024 report (all housing types), with reports from the Canadian Real Estate Association,  and Toronto Regional Real Estate Board 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 and Brock.}

 

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Ottawa, ON September 16, 2024 – National home sales increased in June following the Bank of Canada’s first interest rate cut since 2020, and activity posted another small gain in August on the heels of the second rate cut in late July, but the bigger picture appears to be a market mostly stuck in a holding pattern.

Highlights:

• National home sales edged up 1.3% month-over-month in August.

• Actual (not seasonally adjusted) monthly activity came in 2.1% below August 2023.

• The number of newly listed properties ticked up 1.1% month-over-month.

• The MLS® Home Price Index (HPI) was unchanged month-over-month but was down 3.9% year-over-year.

• The actual (not seasonally adjusted) national average sale price was almost unchanged (+0.1%) on a year-over-year basis in August.

There were about 177,450 properties listed for sale on all Canadian MLS® Systems at the end of August 2024, up 18.8% from a year earlier but still more than 10% below historical averages of around 200,000 listings for this time of the year.

 

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Read the Toronto Regional Real Estate Board  Market Watch Report 

 

 

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Township of Scugog Full Report

 

In August 2024, the real estate market in the Township of Scugog showed signs of softening. The average sales price dipped to $1,029,883, down from $1,087,161 in July but almost unchanged from $1,032,464 in August 2023. Total sales declined to 23, compared to 28 in July and 33 last August. New listings were nearly stable at 53, slightly down from 75 in July and close to the 52 listings from last year. The months of inventory rose to 4.39 from 3.50, signalling a shift into buyers’ market territory. The decline in total sales and new listings, combined with a rising months of inventory, indicates a more favorable environment for buyers. This shift suggests that potential buyers in Scugog Township may have more negotiation power and a wider selection of properties to choose from.

 

 

Average Sold Price

 

Number of Properties Sold

 

Active Listings

 

New Listings

Months of Inventory

 

 

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*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.

Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

 

Click below for more reports

Durham Region

Township of Uxbridge

Township Brock

 

Check out our Uxbridge and Scugog Events Pages to keep up to date on whats going on around town.  Click the links or scan the Code with your phone to take you directly there.

 

UXBRIDGE EVENTS

 

 

SCUGOG EVENTS