Burlington April Market Update

BURLINGTON REAL ESTATE MARKET | ROSS BRIDGES REAL ESTATE TEAM

Fingers crossed that the warmer weather is here to stay for awhile! The Burlington real estate market is still hopping! The extremely high number of home sales in April this spring (over 2020) is due to a combination of the extremely active real estate market and last year's first Covid lockdown! Average sale prices

have increased 22% over last year
and Burlington house sales were
287% higher than in April 2020.

While Burlington's new listings were down 13% from March, they were up 244% from last year! Inventory remains low due to the vast number of people looking to buy in Burlington right now! It remains a Seller's Market with homes be on the market for an average (DOM) of only 10 days in April and the Months of Inventory (MOI) being a low 0.6.

There continues to be multiple offers on homes, coming in firm (no conditions) and over list price! You'll note the selling price to listing price (Ave SP/LP) is 105% for April. The highest average SP/LP last month was 108% for semi-detached homes.

The best way to navigate this feisty market is by employing a knowledgeable and experience REALTOR®. Our team is here and ready to help you achieve your real estate

dreams. We can offer you knowledge on things like the difference between a

Seller's Market and Buyer Market and strategies for both buying and selling.

Speak today to our professional REALTORS®, call 905-220-1848 and learn more about the different local markets and types of homes, as we guide you through the selling and buying process.

Our team does it all - we can help you buy or sell a home! We employ professional stagers and photographers in order to professionally market your home. We have a network of financial advisors who can help you determine your best mortgage options.
We would love to connect with your to discuss your real estate goals! Our clients' testimonials
speak for themselves!