Oakville-Burlington Real Estate Update - May 2023

Tuesday Jun 06th, 2023


Oakville-Burlington...May 2023 residential re-sale housing sales summary as reported by the Oakville, Milton and District Real Estate Board and the Realtors Association of Hamilton-Burlington...




Oakville: Active Listings: 293       

#of Sales May 2023: 226   

Months of Inventory: 1.29

Burlington: Active Listings: 273       

#of Sales May 2023: 321     

Months of Inventory: 0.85  

0-3 Months = Seller’s Market     3-4 Months = Balanced Market     4+ Months = Buyer’s Market

*The average home price is found by adding the value of all sales and dividing by the number of homes.
*The median sale price is the midpoint of all sales.
Source: Oakville, Milton and District Real Estate Board (OMDREB) and Realtors Association of Hamilton-Burlington (RAHB). Statistics are never 100% accurate - they are a tool to be used in conveying a pattern that reflects trends and changes.



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