August 2021 IN REVIEW
While the market has taken its regular summer breather, it is clear that the demand for ownership housing remains strong. At the same time, the supply of listings is down. The result has been tighter market conditions and sustained competition between buyers, resulting in double-digit annual increases in selling prices.
TRREB released its monthly key housing market stats for August 2021 and reported 8,596 sales, down by 19.9% compared to August 2020.
There were 10,609 new listings in August 2021, down by 43% compared to August 2020.
The average selling price in August was $1,070,911 up by 12.6% year-over-year.
If you have any questions or would like to find out if it's the right time for you to buy or sell, don't hesitate to reach out. I'm here to help!
If you have any questions or would like to find out if it's the right time for you to buy or sell, don't hesitate to give me a call or text at 647-522-9057 or send me an email to firstname.lastname@example.org.