Rocca sisters release their July real estate numbers and their take on where the market went and why.market

News 100 yellowBy Staff

August 16th, 2019

BURLINGTON, ON

 

Home For Sale Real Estate Sign and Beautiful New House.

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.

Rocca numbers

July real estate sales were great if you were a seller – tough on some of the buyers.

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