RE/MAX Escarpment
Languages
English, French / Français, Greek
Specialties
Buyers, Condominiums, Downsizing, Investments, Lake/Beach Property, Luxury Homes, Rentals, Residential, Sellers
Locations
Aldershot, Burlington, Hamilton, Oakville, Waterdown, Central Burlington, South Burlington, West Burlington, North Burlington
Feb 07, 2023
The year-over-year pullback in sales in March did not offset earlier gains as
year-to-date sales rose by nine per cent. While sales improved in the first
quarter, they remain well below long-term trends. Unlike some areas, new
listings remained relatively low, keeping the sales-to-new listings ratio slightly
elevated at 69 per cent and inventory levels below the ten-year average.
Burlington has the tightest conditions in the broader RAHB market area, with
under two months of supply. The unadjusted benchmark price reached
$1,056,300, over two per cent higher than last month and one per cent higher
than last March.
[Source: RAHB Blog 2024]