BURLINGTON REAL ESTATE MARKET | ROSS BRIDGES REAL ESTATE TEAM
2020 represents somewhat of an anomaly in real estate (with the huge influx of buyers due to COVID and people leaving the large Urban centres like Toronto), thus it is a more realistic comparison to look at the increase in home sales in September 2021 from September 2019 - the increase being 26%. This indicates a very strong seller's market in Burlington! The average sale price continues to climb - September 2021's average was 3% higher than September 2020 and 18% higher than 2019!

Good news for Sellers, the average number of days on market (DOM) is lower than last month and lower than the last 2 years - this means that homes are selling quickly. The months of inventory (MOI) is also extremely low, sitting at 0.5, meaning if no additional homes were to come on the market, there would be no homes for sale after half a month. All of these indicators point to Burlington still experiencing a strong Seller's Market. For those of you wishing to buy, begin by signing up with The Ross Bridges Real Estate Team, we'll set you up to see new listings that meet your requirements as soon as they hit the market and make sure you are prepared to make an offer when the right house comes along.
Given these current market conditions in the Burlington real estate market, homes continue to sell above list price and putting conditions on an offer is a risky proposition. The average selling price to listing price was 105% in September. Townhouses continue to have the highest average SP/LP at 110%.


In this competitive real estate market, you need to be prepared to make firm offers quickly. Being prepared means knowing your maximum budget, being preapproved for financing, being confident with both your deposit and down payment amounts. Our team has the experience, knowledge, and contacts to ensure you're ready to put your best offer forward.
Speaking with one of our professional REALTORS® is a step in the right direction whether you are buying or selling. We have proven plans and methods to help you reach your real estate dreams. GIVE US A CALL at 905.220.1848.Visit our website for a Free Home Evaluation, you can also request a free home buyer package or sell smarter package by clicking on the Contact Us link below. Give us a call, email, or text - we're happy to talk to you and get you started on your next real estate dream!
ROSS BRIDGES REAL ESTATE TEAM - HELPING YOU FIND YOUR WAY HOME!
August 2021 market update for Burlington, click here!
September 2021 market update for Oakville, click here!
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