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A Promising Fall Market – November Market Report

A Promising Fall Market – November Market Report

A promising Fall Market!

We are seeing signs of a busier fall market compared to the slow summer. September 2021 was in line with the usual seasonal trends for the most part however, the low inventory remains consistent.

Given the continuous lack of listings, compared to August, sales and the average selling price did see a boost. Despite the low inventory, the average selling prices have continued to increase with a year-over-year increase of 18.3%. “Price growth in September continued to be driven by the low-rise market segments, including detached and semidetached houses and townhouses. Look for this trend to continue,” said Jason Mercer, TRREB Chief Market Analyst.

Throughout the fall overall demand has remained at an all-time high with a surplus of buyers who would buy homes tomorrow if they were able to find properties that suited their needs. As new listings are down significantly compared to last year this time, purchasing a home has become a bit of a mission for those seeking to relocate.

“The lack of housing supply and choice has reached a critical juncture. Band-aide policies to artificially suppress demand have not been effective. This is not an issue that can be solved by one level of government alone. There needs to be collaboration federally, provincially, and locally on a solution,” says Kevin Crigger, TRREB President.

As we approach the winter season, it is the perfect time to start planning your real estate journey for the new year. Whether you are looking to buy or sell, the team at the Dan Cooper Group is here to make it an easy, stress-free process. Contact us today to chat about your real estate goals!

Oakville Report

Oakville MarketInsights Nov
Nov Oakville Housing Stats
Oakville Stats by Housing Type

Burlington Report

Burlington MarketInsights Nov
Nov Burlington Housing Stats
Burlington Stats by Housing Type

Milton Report

Milton MarketInsights Nov
Nov Milton Housing Stats
Milton Stats by Housing Type

Waterdown Report

Waterdown MarketInsights Nov
Nov Waterdown Housing Stats
Waterdown Stats by Housing Stats

Mississauga Report

Mississauga MarketInsights Nov
Nov Mississauga Housing Stats
Mississauga Stats by Housing Type

Statistics provided by the Toronto Regional Real Estate Board, the Oakville, Milton & District Real Estate Board and the REALTORS® Association of Hamilton-Burlington.

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