Oakville-Burlington Real Estate Update
Oakville-Burlington...March 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...
March 2020 compared to March 2019
| Oakville/Burlington | March 2020 | March 2019 | % Change | ||
|
Sales | Oakville | 330 | 335 | -1.49% | |
| Burlington | 280 | 275 | +1.82% | ||
| Average Sale $ | Oakville | $1,092,012 | $1,015,558 | +7.53% | |
| Burlington | $840,244 | $738,823 | +13.73% | ||
|
Sale $ | Oakville | $963,000 | $870,000 | +10.69% | |
| Burlington | $790,000 | $665,900 | +18.80% | ||
March 2020: Avg Days on the Market:
Oakville: 19 Burlington: 12
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales | Oakville | 902 | 688 | +31.10% | |
| Burlington | 672 | 634 | +5.99% | ||
|
Average Sale $ | Oakville | $1,113,407 | $1,002,318 | +11.08% | |
| Burlington | $838,966 | $714,089 | +17.49% | ||
|
Median Sale $ | Oakville | $975,000 | $872,500 | +11.75% | |
| Burlington
| $790,000 | $652,500 | +21.07% | ||
2020 YTD: Avg Days on the Market:
Oakville: 22 Burlington: 17
March/20 Months of Inventory*
Oakville: Active Listings: 576 #of Sales: 330 Months of Inventory: 1.75
Burlington: Active Listings: 303 #of Sales: 280 Months of Inventory: 1.08
*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.