Burlington Ontario Residential Homes Market Update

urlington Market update! Here’s what happened in December:

Month-over-Month (November to December):

Sales dropped by 58%
New listings plummeted by 98%
Average price fell 14%
Days on market increased by 13%
Year-over-Year (2023 to 2024):

Sales were similar to last year but still below long-term trends.

New listings increased throughout the year, pushing inventory higher.

Burlington avoided oversupply seen in other areas, keeping prices stable overall.

Semi-detached and row homes saw modest sales growth and stayed in demand with less than 2 months of supply.

Apartments had the highest months of supply (nearly 4 months) and were the only property type to see prices dip.

What does this mean for 2025?

With rising inventory and seasonal slowdowns, buyers might have more options, while sellers need a sharp pricing and marketing strategy to stand out. The spring market will likely bring more activity, so now’s the time to prepare!

Ready to plan your next move? Email me today, and let’s create a winning strategy for 2025!