Oakville-Burlington Real Estate Update
Oakville-Burlington...January 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...
January 2020 compared to January 2019
| Oakville/Burlington | Jan 2020 | Jan 2019 | % Change | ||
|
Sales | Oakville | 224 | 176 | +27.27% | |
| Burlington | 150 | 161 | -6.83% | ||
| Average Sale $ | Oakville | $1,069,531 | $1,027,789 | +4.06% | |
| Burlington | $837,536 | $709,750 | +18.00% | ||
|
Sale $ | Oakville | $955,000 | $884,900 | +7.92% | |
| Burlington | $805,000 | $645,000 | +24.81% | ||
January 2020: Avg Days on the Market:
Oakville: 34 Burlington: 27
Oakville: Active Listings: 434 # of Sales: 224
Months of Inventory: 1.94
Burlington: Active Listings: 216 # of Sales: 150
Months of Inventory: 1.44
*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.