Oakville-Burlington Real Estate Update
Oakville-Burlington...July 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...
July 2020 compared to July 2019
|
Oakville/Burlington
|
July 2020 |
July 2019 |
% Change | ||
|
Sales | Oakville
| 458 | 355 | +29.01% | |
| Burlington | 405 | 287 | +41.11% | ||
| Average Sale $ | Oakville
| $1,206,580 | $1,056,564 | +14.20% | |
| Burlington
| $894,820 | $769,784 | +16.24% | ||
|
Sale $ | Oakville | $1,044,000 | $951,000 | +9.78% | |
| Burlington
| $800,000 | $700,000 | +14.29% | ||
July 2020: Avg Days on the Market:
Oakville: 24 Burlington: 17
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales | Oakville | 2,060 | 2,195 | -6.15% | |
| Burlington | 1,734 | 1,954 | -11.26% | ||
|
Average Sale $
| Oakville | $1,156,818 | $1,018,842 | +13.54% | |
| Burlington | $855,794 | $743,050 | +15.17% | ||
|
Median Sale $
| Oakville | $985,000 | $885,700 | +11.21% | |
| Burlington
| $790,000 | $681,000 | +16.01% | ||
2020 YTD: Avg Days on the Market:
Oakville: 24 Burlington: 19
Months of Inventory
Oak: Active Listings: 673 #of Sales: 458 Months of Inventory: 1.47
Burl: Active Listings: 303 #of Sales: 405 Months of Inventory: 0.75
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.