Oakville-Burlington Real Estate Update
Oakville-Burlington...February 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...
February 2020 compared to February 2019
| Oakville/Burlington | Feb 2020 | Feb 2019 | % Change | ||
|
#of Res Sales | Oakville | 343 | 177 | +93.79% | |
| Burlington | 241 | 198 | +21.72% | ||
| Average Sale $
| Oakville | $1,164,093 | $951,933 | +22.29% | |
| Burlington | $837,102 | $683,264 | +22.52% | ||
|
Sale $ | Oakville | $992,000 | $860,000 | +15.35% | |
| Burlington | $770,000 | $637,000 | +20.88% | ||
February 2020: Avg Days on the Market:
Oakville: 17 Burlington: 17
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales
| Oakville | 568 | 353 | +60.91% | |
| Burlington | 391 | 359 | +8.91% | ||
|
Average Sale $
| Oakville | $1,126,283 | $989,753 | +13.79% | |
| Burlington | $837,268 | $695,142 | +20.45% | ||
|
Median Sale $
| Oakville | $978,500 | $875,000 | +11.83% | |
| Burlington
| $785,000 | $640,000 | +22.66% | ||
2020 YTD: Avg Days on the Market:
Oakville: 24 Burlington: 21
Feb/20 Months of Inventory*
Oakville: Active Listings: 542 #of Sales: 343 Months of Inventory: 1.58
Burlington: Active Listings: 274 #of Sales: 241 Months of Inventory: 1.14
*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.