Oakville-Burlington Real Estate Update
Oakville-Burlington...September 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...
September 2020 compared to September 2019
|
Oakville/Burlington
|
Sept 2020 |
Sept 2019 |
% Change | ||
|
Sales | Oakville
| 422 | 262 | +61.07% | |
| Burlington | 387 | 258 | +50.00% | ||
| Average Sale $ | Oakville
| $1,395,237 | $1,104,215 | +26.36% | |
| Burlington
| $905,533 | $778,145 | +16.37% | ||
|
Sale $ | Oakville | $1,210,000 | $897,000 | +34.89% | |
| Burlington
| $825,000 | $715,750 | +15.26% | ||
September 2020: Avg Days on the Market:
Oakville: 28 Burlington: 22
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales | Oakville | 2,879 | 2,673 | +7.71% | |
| Burlington | 2,471 | 2,482 | -0.44% | ||
|
Average Sale $ | Oakville | $1203,260 | $1,020,615 | +17.90% | |
| Burlington | $864,811 | $748,540 | +15.53% | ||
|
Median Sale $ | Oakville | $1,027,000 | $880,000 | +16.70% | |
| Burlington
| $798,250 | $685,000 | +16.53% | ||
2020 YTD: Avg Days on the Market:
Oakville: 33 Burlington: 21
Months of Inventory
Oakville: Active Listings: 665 #of Sales: 422 Months of Inventory: 1.58
Burlington: Active Listings: 306 #of Sales: 387 Months of Inventory: 0.79
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.