May 2, 2023 | Market Reports

Local Market Stats For April 2023

For the fourth month in a row, home prices have increased month over month and pricing is up approximately 16% since the start of 2023. The market has shifted back into a seller’s market, with homes that are priced correctly and well-marketed selling in a short period of time.

Inventory levels are quite low across the west GTA, Halton, and greater Hamilton areas. The average days on the market for freehold homes is 12 in Burlington, 18 in Oakville, and 22 in Hamilton.
Below are the highlights of our local real estate markets:

Burlington
The average sale price of homes in Burlington for April was $1.15 million which is a 10% price increase from March. Homes in Burlington are staying on the market for an average of 18 days.

Oakville
Oakville’s housing market saw a 0.8% increase compared to March with an average sale price of $1.65 million. These properties in Oakville are staying on the market for an average of 18 days before selling.

Hamilton
In April, Hamilton saw an increase of 2.2% from March with an average sale price of $813,303. These homes are staying on the market for about 23 days.

Here’s a breakdown of the freehold and condo statistics for Burlington, Oakville and Hamilton in April 2023: