Oakville-Burlington Real Estate Update
Oakville-Burlington...December 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...
December 2020 compared to December 2019
| Oakville/Burlington | Dec 2020 | Dec 2019 | % Change | ||
|
Sales | Oakville | 241 | 162 | +48.77% | |
| Burlington
| 165 | 103 | +60.19% | ||
| Average Sale $ | Oakville | $1,308,400 | $1,075,947 | +21.60% | |
| Burlington | $957,746 | $789,300 | +21.34% | ||
|
Sale $ | Oakville | $1,157,000 | $910,000 | +27.14% | |
| Burlington | $849,900 | $700,000 | +21.41% | ||
December 2020: Avg Days on the Market:
Oakville: 41 Burlington: 31
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales | Oakville | 3,890 | 3,435 | +13.25% | |
| Burlington | 3,278 | 3,087 | +6.19% | ||
|
Average Sale $ | Oakville | $1224,892 | $1,026,608 | +19.31% | |
| Burlington | $878,626 | $755,017 | +16.37% | ||
|
Median Sale $ | Oakville | $1,050,000 | $890,000 | +17.98% | |
| Burlington
| $800,000 | $690,000 | +15.94% | ||
2020 YTD: Avg Days on the Market:
Oakville: 32 Burlington: 20
Months of Inventory
Oakville: Active Listings: 220 #of Sales: 241 Months of Inventory: 0.91
Burlington: Active Listings: 116 #of Sales: 165 Months of Inventory: 0.70
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.