Burlington July 2018 Market Update

Market Update –July 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 11.4%. This indicates that real estate market is picking up.

We had lower sales activity in the month of July compared to last year only 171homes sold compared to July 2017 we had 212 homes sold.

The real estate market is seller market with 1.5 months of inventory. The demand is higher for homes less than 850,000.