Oakville-Burlington Real Estate Update
Oakville-Burlington...January 2021 residential re-sale housing sales summary as reported by the Oakville, Milton and District Real Estate Board and the Realtors Association of Hamilton-Burlington...
January 2021 compared to January 2020
| Oakville/Burlington | Jan 2021 | Jan 2020 | % Change | ||
|
Sales | Oakville | 287 | 220 | +30.45% | |
| Burlington | 191 | 150 | +27.33% | ||
| Average Sale $ | Oakville | $1,406,076 | $1,072,772 | +31.07% | |
| Burlington | $1,007,869 | $837,536 | +20.34% | ||
|
Sale $ | Oakville | $1,226,100 | $955,000 | +28.39% | |
| Burlington | $900,000 | $805,000 | +11.80% | ||
January 2021: Avg Days on the Market:
Oakville: 21 Burlington: 21
2020 compared to 2019
|
Oakville/Burlington
|
2020 |
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: Avg Days on the Market:
Oakville: 32 Burlington: 20
Months of Inventory
Oakville: Active Listings: 278 #of Sales: 287 Months of Inventory: 0.97
Burlington: Active Listings: 126 #of Sales: 191 Months of Inventory: 0.66
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.