January 2021 Street Burlington Real Estate Market Report //
Prices //
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The average price of a home in Burlington was $900,00 in January 2021.
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This figure was up by approx 6% from last month (Dec. 2020).
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The average price increased from last year (Jan. 2020) by approx 12%.
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Detached and Townhomes saw the largest increase from last year (Jan. 2020) by 39% and 20% respectively.
Sales Activity //
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With 192 sales, volume increased from last year (Jan. 2020) by 28%.
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Sales activity was up from last month by approx 17%.
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Townhomes and Detached homes saw the largest upswing in activity from last year (Jan. 2020) by 125% and 68% respectively.
Market //
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There is currently less than 1 month of supply on the market with Semis seeing the lowest amount of inventory.
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Homes are selling for over asking price at 103% on average.
Analysis //
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Prices and sales activity continues to set record highs in Burlington.