Oakville-Burlington Real Estate Update
Oakville-Burlington...February 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...
February 2021 compared to February 2020
| Oakville/Burlington | Feb 2021 | Feb 2020 | % Change | ||
|
#of Res Sales | Oakville | 496 | 334 | +48.50% | |
| Burlington | 313 | 238 | +31.51% | ||
| Average Sale $ | Oakville | $1,472,134 | $1,160,979 | +26.80% | |
| Burlington | $1,054,768 | $842,045 | +25.26% | ||
|
Sale $ | Oakville | $1,345,500 | $978,500 | +37.51% | |
| Burlington | $970,000 | $777,000 | +24.84% | ||
February 2021: Avg Days on the Market:
Oakville: 19 Burlington: 14
Year to Date: 2021 compared to 2020
|
Oakville/Burlington
|
YTD 2021 |
YTD 2020 |
% Change | ||
|
#of Res Sales | Oakville | 785 | 554 | +41.70% | |
| Burlington | 504 | 388 | +29.90% | ||
|
Average Sale $ | Oakville | $1446,236 | $1,125,951 | +28.45% | |
| Burlington | $1,036,995 | $840,302 | +23.41% | ||
|
Median Sale $ | Oakville | $1,303,111 | $970,000 | +34.34% | |
| Burlington
| $938,500 | $791,000 | +18.65% | ||
2021 YTD: Avg Days on the Market:
Oakville: 26 Burlington: 17
Months of Inventory
Oakville: Active Listings: 359 #of Sales: 496 Months of Inventory: 0.72
Burlington: Active Listings: 189 #of Sales: 313 Months of Inventory: 0.60
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.