Hot Real Estate Market To Start The New Year

The REALTORS® Association of Hamilton-Burlington reported 911 sales were processed through the Multiple Listing Service® System in January. All property sales were 17.4% higher than the same month last year, setting a new high for the month of January.  

  • Overall residential sales were 18% higher than the same month last year, with freehold sales 12% higher than January of 2016 and an increase of 50.5% in the condominium market.
  • The average price of freehold properties showed an increase of 14.2% while the average sale price in the condominium market increased by 27.7%
  • The average number of days on market decreased from 49 to 31 days in the freehold market and from 50 to 28 days in the condominium market.

“With the sales-to-listing ratio at 83% in the residential market, the average days on market down to 31 days at this time of year and only a little over a month of residential listing inventory, this hot seller’s market just keeps rolling on. We keep stressing the importance of using a REALTOR® at any time, but now, in this market, it’s especially important to use a professional who can help buyers and sellers achieve the best results in the purchase or sale of their home. A reduced average number of days on the market does not necessarily mean it is easier to sell properties.” - George O’Neill,  RAHB CEO.

According to figures released February 2 by The Oakville, Milton and District Real Estate Board, the number of all property sales increased by 3.36% in January compared to the same period in 2016. 

  • Overall the number of new property listings in Oakville saw a decrease of 2.8%
  • Although number of listings decreased, the average price of residential Oakville properties showed an increase of 14.36%


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Ryan & Vicky Urban Real Estate Agents Serving Burlington, Oakville & Hamilton ON. They Are Experienced Professionals That Would Be Honored to Assist You In The Journey Of Buying Or Selling Your Home.

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