The New Street July 2021 Burlington Real Estate Report //?
Prices //
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The average price of a home in Burlington was $985,000 in July 2021.
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This figure was down by approx 1% from last month (June 2021).
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The average price increased from last year by approx. 23% ( July 2020).
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Semis and Detached homes saw the largest increase from last year (July 2020) at 25% and 22% respectively.
Sales Activity //
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With 254 sales, volume decreased from last month (June 2021) by approx. 24%.
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Sales activity was down from last year (July 2020) by approx. 37%.
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Semis and Condos saw the largest dip in activity, down by approx 42% and 38% respectively.
Market //
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There is currently 0.7 month of supply on the market on average.
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Homes are selling for 102% of their listing price on average.
Analysis //
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Prices and sales activity continues to set record highs in Burlington.