Oakville-Burlington Real Estate Update
Oakville-Burlington...December 2019 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 2019 compared to December 2018
| Oakville/Burlington | Dec 2019 | Dec 2018 | % Change | ||
|
| Oakville | 164 | 139 | +17.99% | |
| Burlington | 105 | 124 | -15.32% | ||
| Average Sale $ | Oakville | $1,081,894 | $1,048,478 | +3.19% | |
| Burlington | $792,052 | $714,049 | +10.92% | ||
|
Sale $ | Oakville | $932,000 | $889,000 | +4.84% | |
| Burlington | $700,000 | $659,000 | +6.22% | ||
December 2019: Avg Days on the Market:
Oakville: 38 Burlington: 32
Year to Date: 2019 compared to 2018
|
Oakville/Burlington
|
YTD 2019 |
YTD 2018 |
% Change | ||
|
#of Res Sales
| Oakville | 3,543 | 3,183 | +11.31% | |
| Burlington | 3,090 | 2,920 | +5.82% | ||
|
Average Sale $
| Oakville | $1,029,219 | $1,028,174 | +0.10% | |
| Burlington | $755,163 | $735,275 | +2.70% | ||
|
Median Sale $
| Oakville | $894,000 | $870,000 | +2.76% | |
| Burlington
| $690,000 | $660,000 | +4.55% | ||
2019 YTD: Avg Days on the Market:
Oakville: 31 Burlington: 28
Dec/19 Months of Inventory*
Oak: Active Listings: 408 # of Sales: 164 Months of Inventory: 2.5
Burl: Active Listings: 194 # of Sales: 105 Months of Inventory: 1.85
*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 the 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.