Burlington Market Stats for February

average homes prices continue to climb


New listings in Burlington were 94% higher than January but down -6% from last year. Active listings followed a similar trend, being up 111% from last month but -21% less than February 2021.

Home sales saw a jump of 61% more sales than last month, but there were -21% fewer sales than this time last year. 

Homes continue to sell quickly with an average of 7 Days on Market (DOM), and in many cases with multiple offers and for over asking price. February's average selling to listing price was 117%, slightly up from both January (114%) and December (110%). 

Burlington’s average home price continues to climb, as February’s average price increased by 7% from January at $1,457,249 and is up 38% compared to February 2021.

Low Months of Inventory (MOI) shows that we continue to be in a Seller’s Market, but like many cities and towns, Burlington has many different types of homes and varied neighbourhoods. Housing types and prices vary from community to community.


Our Team of REALTORS® have the knowledge, experience, and resources to help you navigate the Real Estate market. In this competitive Real Estate market, we can help you develop a strategic plan and be with you every step of the way to make your Real Estate goals a reality!


Click to receive a Free Home Evaluation, or request a Free Home Buyer Package.
 
Our clients' 
testimonials speak for themselves! Contact us today at 905.220.1848 and let the experts guide you through the process and help you determine what is best for your personal circumstances.


 

ROSS BRIDGES REAL ESTATE TEAM - HELPING YOU FIND YOUR WAY HOME!


Check out the Oakville February Market Update to see how numbers compare to Burlington. 
 
Read the Burlington Market Stats for January 2021 to see the difference a month can make.


Check out Ross' podcast, Rambling REALTORS® for discussions on all things Real Estate, including trends and statistics!

Call us now! Or schedule a phone or Zoom consultation with Ross Bridges, REALTOR® - Helping you find your way home.

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