By Staff
August 16th, 2019
BURLINGTON, ON
The Rocca Sisters report that July proved to be a very strong month for real estate sales in Burlington. Sales were up 19% and sale prices were up 4.4% as compared to July 2018. During the month of July, properties sold for 98.25% of the asking price and in 30 days, on average.
Year to date, Burlington performed pretty much the way we predicted with sale prices up approximately 2.6% and sales up 5.3%.
Inventory levels were down significantly, to a 6 year low with the exception of 2016 (when we saw inventory levels down by 50% in most of our trading areas). With under 2 months of inventory available at the end of July, Burlington feels very much like a seller’s market.
July real estate sales were great if you were a seller – tough on some of the buyers.
