June 5, 2023 | Market Reports

Local Market Update For May 2023

Despite higher lending rates, our market continues to exhibit signs of resilience and vitality, setting a positive stage for both sellers and buyers in the Halton and Hamilton regions.

Burlington

In May, Burlington saw a decrease of 8% from May 2022 with an average sale price of $1.12 million. Homes in Burlington are staying on the market for an average of 17 days.

Oakville

The average sale price of homes in Oakville for May 2023 was $1.63 million which is an 11% price increase from May 2022. These properties in Oakville are staying on the market for an average of 16 days before selling

Hamilton

Hamilton’s housing market saw a 9.4% decrease compared to May 2022 with an average sale price of $812,473. These homes are staying on the market for about 19 days.

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