Real Estate Market Trends and Average Listings Price in November in Humber

Nestled in the heart of Ontario, the Humber area boasts a real estate market with distinctive characteristics that beckon both investors and homebuyers. The Humber real estate market showcases an appealing blend of housing options with measured price movements and sustained demand. Whether your interest lies in homes or condos, this vibrant real estate landscape offers opportunities for both buyers and sellers.
 
1. Listings on the Market
Humber’s real estate tableau currently offers a modest collection of 29 homes listed, creating an exclusive niche in the market that appeals to discerning buyers and astute sellers alike.
 
Complementing the housing spectrum, condos present a broader canvas with 54 listings, accommodating a diverse array of preferences and lifestyles.
 
2. Avg Listings Price Last 3 months
The average listing price for homes over the last three months stands at an impressive $1,385,337, underscoring the inherent quality and undeniable value of properties within Humber’s embrace.
 
Condos, on the other hand, provide an enticing entry point with an average listing price of $785,888 over the same period.
 
3. Change in Average Listing Price
Over the past three months, the Humber housing market has recorded a noteworthy 1.5% increase in the average listing price for homes, indicative of a steady appreciation in property values.
 
In tandem, the condo segment has seen a commendable 1.1% uptick in the average listing price, reflecting a burgeoning demand for this distinct housing category.
 
4. Avg SOLD Price Last 3 months
Homes in Humber have not only captivated the market but also commanded an average selling price of $1,548,888 in the last three months, firmly establishing the area as a realm where properties often outperform their listing values.Similarly, condos have shown their mettle with an average sold price of $843,333 over the past three months, affirming a robust demand for this housing type.
 
5. Change in Average SOLD Price
The change in the average sold price for homes, a notable 2.3% increase, reinforces the market’s resilience and underscores the growing allure of single-family residences in the Humber region. Condos, mirroring the broader trend, have enjoyed a commendable 1.6% increase in the average sold price, further cementing their position as an appealing investment in the local real estate scene.
 
Inventory & Recent Sales Statistics
Over the last 60 days, the Humber real estate market has exhibited a fervent pace of activity, witnessing the introduction of 132 new home listings and the successful sale of 98 homes. The average days on the market for homes is a testament to the market’s vigour at 38 days, while the selling-to-listing price ratio stands as a resounding 98.1%.
 
In the realm of condos, the scene is equally robust, with 82 new listings and 61 condo sales in the past 60 days. The average days on the market for condos is a balanced 41 days, and the selling-to-listing price ratio remains a solid 97.9%.