December 2021

TRREB Market Watch Dec 2021

As per TRREB Market Watch Report, in December 2021, number of home sales went down significantly by 33.1% compared to November 2021, which is consistent with the seasonal trends.  When we look at the year over-year change in number of sales, December 2021 was down by  15.7% from December 2020.

As per TRREB Market Watch Report, in December 2021, average sales price went down by 0.5% from November 2021.  The year-over-year increase in average sales price was 24.2%.

Looking back at the year 2021, a record number of 121,712 sales were reported.  This is an increase of 28% from 2020.  Record demand last year coupled with limited supply of listings resulted in tight market conditions and an all-time high average selling price of $1,095,475.

Please contact me with any questions on how to interpret this data or if I can provide further insight for your specific situation.  As a REALTOR, I have access to a lot more information that I can present here.   I will do a deep-dive and extract the information you are looking for to make decisions.

Check out my summary chart for Toronto, Mississauga, and Oakville HERE.

Click HERE to see the full TRREB report.