Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,313,651
MoM −$70,297 −5.1% down $70,297, 5.1% versus April 2022 YoY +10.0% up 10.0% versus May 2021
Source: TRREB MarketWatch, May 2022
4 areas
Halton Region
May 2022
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$1,200,000
MoM −$30,000 −2.4% down $30,000, 2.4% versus April 2022 YoY +14.3% up 14.3% versus May 2021
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,288,000
MoM −$102,700 −7.4% down $102,700, 7.4% versus April 2022 YoY +16.9% up 16.9% versus May 2021
Sales — Firm transactions reported through the MLS® System during the month.
826
MoM +2 +0.2% up 2, 0.2% versus April 2022 YoY −31.0% down 31.0% versus May 2021
Dollar volume — Total value of all sales in the month.
$1.09B
MoM −$55,297,927 −4.8% down $55,297,927, 4.8% versus April 2022 YoY −24.1% down 24.1% versus May 2021
New listings — Properties newly listed during the month.
1,893
MoM −29 −1.5% down 29, 1.5% versus April 2022 YoY +17.5% up 17.5% versus May 2021
Active listings — Listings available at month end.
1,426
MoM +153 +12.0% up 153, 12.0% versus April 2022 YoY +55.7% up 55.7% versus May 2021
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
12
MoM +2 days +20.0% up 2 days, 20.0% versus April 2022 YoY +20.0% up 20.0% versus May 2021
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
19
MoM +6 days +46.2% up 6 days, 46.2% versus April 2022 YoY +46.2% up 46.2% versus May 2021
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
101%
MoM −3.0 pp −2.9% down 3.0 pp, 2.9% versus April 2022 YoY −2.9% down 2.9% versus May 2021
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
43.6%
MoM +0.8 pp +1.8% up 0.8 pp, 1.8% versus April 2022 YoY −41.3% down 41.3% versus May 2021
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
1.7
MoM +0 +11.7% up 0, 11.7% versus April 2022 YoY +125.6% up 125.6% versus May 2021
Trend
13 months to May 2022
Average price
| Month | Average price |
|---|---|
| May '21 | 1193780 |
| Jun '21 | 1222263 |
| Jul '21 | 1171937 |
| Aug '21 | 1206016 |
| Sep '21 | 1247856 |
| Oct '21 | 1305714 |
| Nov '21 | 1356591 |
| Dec '21 | 1343098 |
| Jan '22 | 1484265 |
| Feb '22 | 1530224 |
| Mar '22 | 1515730 |
| Apr '22 | 1383948 |
| May '22 | 1313651 |
Sales
| Month | Sales |
|---|---|
| May '21 | 1197 |
| Jun '21 | 1096 |
| Jul '21 | 925 |
| Aug '21 | 816 |
| Sep '21 | 835 |
| Oct '21 | 850 |
| Nov '21 | 798 |
| Dec '21 | 490 |
| Jan '22 | 497 |
| Feb '22 | 886 |
| Mar '22 | 1135 |
| Apr '22 | 824 |
| May '22 | 826 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 826 | +2 +0.2% up 2, 0.2% versus April 2022 | $1,313,651 | −$70,297 −5.1% down $70,297, 5.1% versus April 2022 | $1,200,000 | 43.6% | 1.7 |
| Detached | 439 | +11 +2.6% up 11, 2.6% versus April 2022 | $1,643,570 | −$136,381 −7.7% down $136,381, 7.7% versus April 2022 | $1,490,000 | 41.4% | 1.9 |
| Semi-detached | 39 | −9 −18.8% down 9, 18.8% versus April 2022 | $1,077,615 | −$22,033 −2.0% down $22,033, 2.0% versus April 2022 | $1,070,000 | 42.4% | 1.7 |
| Att/row/townhouse | 144 | +5 +3.6% up 5, 3.6% versus April 2022 | $1,070,756 | −$31,074 −2.8% down $31,074, 2.8% versus April 2022 | $1,000,000 | 46.5% | 1.4 |
| Condo townhouse | 77 | −8 −9.4% down 8, 9.4% versus April 2022 | $832,281 | −$71,165 −7.9% down $71,165, 7.9% versus April 2022 | $825,000 | 40.5% | 1.7 |
| Condo apartment | 117 | −2 −1.7% down 2, 1.7% versus April 2022 | $790,342 | +$43,864 +5.9% up $43,864, 5.9% versus April 2022 | $699,000 | 52.0% | 1.8 |
| Link | 8 | +6 +300.0% up 6, 300.0% versus April 2022 | $1,094,000 | −$76,000 −6.5% down $76,000, 6.5% versus April 2022 | $1,116,000 | 61.5% | 1.1 |
| Co-op apartment | 1 | +1 up 1 versus April 2022 | $665,000 | +$665,000 up $665,000 versus April 2022 | $665,000 | — | 1.0 |
| Detached condo | 1 | −2 −66.7% down 2, 66.7% versus April 2022 | $1,360,000 | −$191,000 −12.3% down $191,000, 12.3% versus April 2022 | $1,360,000 | 50.0% | 2.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 402.9 | $1,288,000 | +16.9% up 16.9% |
| Single-family detached | 422.6 | $1,630,100 | +16.3% up 16.3% |
| Single-family attached | 443.6 | $1,121,800 | +19.3% up 19.3% |
| Townhouse | 413.5 | $850,100 | +13.5% up 13.5% |
| Apartment | 430 | $733,500 | +24.5% up 24.5% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Milton +1.2% up 1.2%
- Burlington +0.9% up 0.9%
- Halton Hills −6.7% down 6.7%
- Oakville −11.6% down 11.6%
Bottom 5
- Oakville −11.6% down 11.6%
- Halton Hills −6.7% down 6.7%
- Burlington +0.9% up 0.9%
- Milton +1.2% up 1.2%
Sales, month-over-month
Top 5
- Milton +6.8% up 6.8%
- Burlington +1.7% up 1.7%
- Oakville −3.4% down 3.4%
- Halton Hills −6.7% down 6.7%
Bottom 5
- Halton Hills −6.7% down 6.7%
- Oakville −3.4% down 3.4%
- Burlington +1.7% up 1.7%
- Milton +6.8% up 6.8%
Halton Region
Oakville
Oakville, Halton Region
$1,495,926
−$196,071 −11.6% down $196,071, 11.6% versus April 2022
- Sales
- 259
- SP/LP
- 99%
- DOM
- 15
- SNLR
- 41.8%
Halton Hills
Halton Hills, Halton Region
$1,269,171
−$90,463 −6.7% down $90,463, 6.7% versus April 2022
- Sales
- 83
- SP/LP
- 101%
- DOM
- 11
- SNLR
- 37.9%
Burlington
Burlington, Halton Region
$1,241,958
+$11,644 +0.9% up $11,644, 0.9% versus April 2022
- Sales
- 296
- SP/LP
- 101%
- DOM
- 12
- SNLR
- 53.2%
Milton
Milton, Halton Region
$1,195,053
+$13,863 +1.2% up $13,863, 1.2% versus April 2022
- Sales
- 188
- SP/LP
- 102%
- DOM
- 10
- SNLR
- 37.7%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|