Burlington August 2018 Market Update

Market Update –August 2018

Burlington has seen an increase in Average price of home sales in the month of August compared to last year, the prices has increased by 7.8%. This indicates that real estate market is picking up.

We had lower sales activity in the month of August compared to last year only 189 homes sold compared to August 2017 we had 207 homes sold.

The real estate market is seller market with 1.3 months of inventory. The demand is higher for homes less than 700,000.