Oakville-Burlington Real Estate Update
Oakville-Burlington...May 2020 residential re-sale housing sales summary as reported by the Oakville, Milton and District Real Estate Board and the Realtors Association of Hamilton-Burlington...
May 2020 compared to May 2019
| Oakville/Burlington | May 2020 | May 2019 | % Change | ||
|
Sales | Oakville | 188 | 405 | -53.58% | |
| Burlington | 210 | 365 | -42.47% | ||
| Average Sale $ | Oakville | $1,103,948 | $981,308 | +12.50% | |
| Burlington | $846,924 | $743,392 | +13.93% | ||
|
Sale $ | Oakville | $956,195 | $870,000 | +9.91% | |
| Burlington | $764,950 | $695,000 | +10.06% | ||
May 2020: Avg Days on the Market:
Oakville: 28 Burlington: 29
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales | Oakville | 1,218 | 1,476 | -17.48% | |
| Burlington | 989 | 1,368 | -27.70% | ||
|
Average Sale $ | Oakville | $1,107,778 | $996,926 | +11.12% | |
| Burlington | $837,154 | $729,912 | +14.69% | ||
|
Median Sale $ | Oakville | $960,000 | $870,000 | +10.34% | |
| Burlington
| $782,500 | $671,750 | +16.49% | ||
2020 YTD: Avg Days on the Market:
Oakville: 24 Burlington: 20
Months of Inventory
Oakville:
Active Listings: 609 #of Sales: 188 Mths of Inventory: 3.24
Burlington:
Active Listings: 321 #of Sales: 210 Mths of Inventory: 1.53
0-3 Mths – Seller’s Market 3-4 Mths – Balanced Market 4+ Mths – Buyer’s Market
*The average home price is found by adding the value of all sales and dividing by the number of homes.
*The median sale price is the midpoint of all sales.
Source: Oakville, Milton and District Real Estate Board (OMDREB) and
Realtors Association of Hamilton-Burlington (RAHB).
Statistics are never 100% accurate - they are a tool to be used in conveying a pattern that reflects trends and changes.