Oakville-Burlington Real Estate Update
Oakville-Burlington...April 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...
April 2020 compared to April 2019
| Oakville/Burlington | April 2020 | April 2019 | % Change | ||
|
| Oakville | 127 | 383 | -66.84% | |
| Burlington | 107 | 369 | -71.00% | ||
| Average Sale $ | Oakville | $1,080,094 | $1,003,755 | +7.61% | |
| Burlington | $805,139 | $743,765 | +8.25% | ||
|
Sale $ | Oakville | $910,000 | $867,500 | +4.90% | |
| Burlington | $740,000 | $690,000 | +7.25% | ||
April 2020: Avg Days on the Market:
Oakville: 25 Burlington: 21
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales
| Oakville | 1030 | 1,071 | -3.83% | |
| Burlington | 779 | 1,003 | -22.33% | ||
|
Average Sale $
| Oakville | $1,108,478 | $1,002,832 | +10.53% | |
| Burlington | $834,521 | $725,006 | +15.11% | ||
|
Median Sale $
| Oakville | $961,500 | $870,000 | +10.52% | |
| Burlington
| $785,000 | $665,000 | +18.05% | ||
2020 YTD: Avg Days on the Market:
Oakville: 23 Burlington: 18
Months of Inventory
Oakville: Active Listings: 544 #of Sales: 127 Months of Inventory: 4.28
Burlington: Active Listings: 271 #of Sales: 107 Months of Inventory: 2.53
*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.