Oakville-Burlington Real Estate Update
Oakville-Burlington...October 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...
October 2020 compared to October 2019
|
Oakville/Burlington
|
Oct 2020 |
Oct 2019 |
% Change | ||
|
#of Res Sales | Oakville
| 443 | 330 | +34.24% | |
| Burlington | 343 | 256 | +33.98% | ||
| Average Sale $ | Oakville
| $1,266,946 | $1,028,571 | +23.18% | |
| Burlington
| $904,055 | $774,542 | +16.72% | ||
|
Sale $ | Oakville | $1,115,000 | $915,000 | +21.86% | |
| Burlington | $815,000 | $697,500 | +16.85% | ||
October 2020: Avg Days on the Market:
Oakville: 32 Burlington: 16
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales | Oakville | 3,321 | 3,003 | +10.59% | |
| Burlington | 2,581 | 2,480 | +4.07% | ||
|
Average Sale $ | Oakville | $1210,976 | $1,021,490 | +18.55% | |
| Burlington | $866,899 | $744,577 | +16.43% | ||
|
Median Sale $ | Oakville | $1,045,000 | $885,000 | +18.08% | |
| Burlington
| $795,000 | $684,750 | +16.10% | ||
2020 YTD: Avg Days on the Market:
Oakville: 32 Burlington: 20
Months of Inventory
Oakville: Active Listings: 557 #of Sales: 443 Months of Inventory: 1.26
Burlington: Active Listings: 269 #of Sales: 343 Months of Inventory: 0.78
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.