Burlington June Market Update

BURLINGTON REAL ESTATE MARKET | ROSS BRIDGES REAL ESTATE TEAM

Restrictions are slowly being lifted, businesses and services are opening up and the summer weather is definitely here. The Burlington real estate market continues to be strong! The number of home sales in June 2021 was 11% higher than June 2020, due to the continuing active real estate market and last June we were still adjusting/recovering from the first Covid lockdown!

Average sale prices have
increased 28% over last year
and Burlington house sales were
11% higher than in June 2020.

While Burlington's new listings were down 3% from May and down only 1% from last year - the real estate market remains strong! 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 12 days in May and the Months of Inventory (MOI) being a low 0.7.

We continue to see firm offers on homes (with no conditions) and situations where sellers have multiple offers to consider. These conditions of limited homes for sale and a multitude of buyers continues to result in homes being sold for more than list price. You'll note the selling price to listing price (Ave SP/LP) is 105% for May. The highest average SP/LP last
month was 113% for condo apartments. .

Employing a knowledgeable and experienced REALTOR® is the best strategy to be successful in buying and selling homes. 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 Buyers 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.

Buying or selling, we are here to help you! 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.
Our clients' testimonials
speak for themselves! Connect with us to discuss your real estate goals!