Oakville-Burlington Real Estate Update
Oakville-Burlington...June 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...
June 2020 compared to June 2019
| Oakville/Burlington | June 2020 | June 2019 | % Change | ||
|
#of Res Sales | Oakville | 373 | 364 | +2.47% | |
| Burlington | 335 | 299 | +12.04% | ||
| Average Sale $ | Oakville | $1,248,909 | $1,070,918 | +16.62% | |
| Burlington | $865,005 | $777,502 | +11.25% | ||
|
Sale $ | Oakville | $1,026,000 | $930,000 | +10.32% | |
| Burlington | $801,000 | $705,000 | +13.62% | ||
June 2020: Avg Days on the Market:
Oakville: 25 Burlington: 19
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales | Oakville | 1,592 | 1,840 | -13.48% | |
| Burlington | 1,323 | 1,667 | -20.64% | ||
|
Average Sale $ | Oakville | $1,140,692 | $1,011,563 | +12.77% | |
| Burlington | $844,011 | $738,448 | +14.30% | ||
|
Median Sale $ | Oakville | $975,650 | $880,000 | +10.87% | |
| Burlington
| $790,000 | $679,900 | +16.19% | ||
2020 YTD: Avg Days on the Market:
Oakville: 24 Burlington: 20
Months of Inventory
Oakville: Active Listings: 700 #of Sales: 373 Months of Inventory: 1.88
Burlington: Active Listings: 313 #of Sales: 335 Months of Inventory: 0.93
0-3 Months – Seller’s Market 3-4 Months – Balanced Market 4+ Months – 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.