Royal LePage Royal City Realty’s January Market Report
Royal LePage Royal City Realty has released it’s January, 2021 Market Reports.
With the tightest market conditions on record and a very limited pool of available supply it’s understandable that price growth across all major housing types continues to accelerate even further into the double digits.
The average price of homes sold in January 2021 was $769,593, an increase of 29.5% from January 2020.
The dollar value of all home sales in January 2021 was $194.7 million, climbing 40.6% from the same month in 2020. This was also a new record for the month of January.
There were 344 new residential listings in January 2021. This was down 7% from the end of January 2020. This was the lowest number of new listings added in the month of January in more than 15 years.
Active residential listings numbered 216 units at the end of January. This was a considerable decline of 42.2% from the end of January 2020. Active listings haven’t been this low in the month of January in more than three decades.