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The 905 Real Estate Market Report - February Stats Edition

The 905 Real Estate Guys

The 905 Real Estate Guys are service oriented real estate agents serving your Burlington real estate, Hamilton real estate and Oakville real estate ne...

The 905 Real Estate Guys are service oriented real estate agents serving your Burlington real estate, Hamilton real estate and Oakville real estate ne...

Mar 8 3 minutes read

Now, more than ever, it is truly important to have a good understanding of what’s going on in the 905 Real Estate market.

The market is shifting and if you want to stay ahead of the curve, you should be aware of these stats.  For the first time since the COVID pandemic began, we are seeing more new listings than sales.  From December 2020 to February 2021, Hamilton used to have 25% more sales than new listings,  ut now there are 30% more new listings than sales. Burlington used to have 20% more sales than new listings, but now have 21% more new listings than sales and in Oakville, there were 23% more sales than new listings in December but in February we are seeing 27% more new listings vs. the number of sales.

What does this mean? Well, we are starting to see the shift to a more balanced market. If this trend continues, which I believe it will, the number of new listings will catch up to the demand and buyers will have more choice. When buyers have more choice, we see fewer and fewer bidding wars, as well as adjustments to market values.

Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.

Our February market report showcases everything you need to know about local real estate trends. If you want to know more about what is happening in the real estate market, please don't hesitate to reach out as I would be happy to show you what is happening in your neighbourhood.

Burlington Real Estate Statistics

380 

New Listings

313

Sales

160

Active 

+63.1%

Total $ Volume


Homes Sold

109.2%

Sale-to-List Price


$1,054,768

Average Sales Price

up 25.6%

Year to Year Change

12

Days on Market

.6

Supply

Hamilton Real Estate Statistics

985

New Listings

760

Sales

488

Active 

+43.6%

Total $ Volume


Homes Sold

112.6%

Sale-to-List Price


$777,087

Average Sales Price

up 31.1%

Year to Year Change

14

Days on Market

.6

Supply

Oakville Real Estate Statistics

385 

New Listings

304

Sales

188

Active 

+67.2%

Total $ Volume


Homes Sold

107.9%

Sale-to-List Price


$1,600,418

Average Sales Price

up 28.7%

Year to Year Change

10

Days on Market

.9

Supply

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