Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,222,095
MoM +$99,594 +8.9% up $99,594, 8.9% versus January 2023 YoY −20.1% down 20.1% versus February 2022
Source: TRREB MarketWatch, February 2023
4 areas
Halton Region
February 2023
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$1,065,000
MoM +$78,050 +7.9% up $78,050, 7.9% versus January 2023 YoY −23.9% down 23.9% versus February 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,149,600
MoM +$26,700 +2.4% up $26,700, 2.4% versus January 2023 YoY −22.0% down 22.0% versus February 2022
Sales — Firm transactions reported through the MLS® System during the month.
525
MoM +175 +50.0% up 175, 50.0% versus January 2023 YoY −40.7% down 40.7% versus February 2022
Dollar volume — Total value of all sales in the month.
$641.6M
MoM +$248,724,586 +63.3% up $248,724,586, 63.3% versus January 2023 YoY −52.7% down 52.7% versus February 2022
New listings — Properties newly listed during the month.
870
MoM +94 +12.1% up 94, 12.1% versus January 2023 YoY −35.2% down 35.2% versus February 2022
Active listings — Listings available at month end.
983
MoM +46 +4.9% up 46, 4.9% versus January 2023 YoY +70.1% up 70.1% versus February 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
21
MoM −11 days −34.4% down 11 days, 34.4% versus January 2023 YoY +200.0% up 200.0% versus February 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
31
MoM −13 days −29.5% down 13 days, 29.5% versus January 2023 YoY +287.5% up 287.5% versus February 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM +2.0 pp +2.1% up 2.0 pp, 2.1% versus January 2023 YoY −15.5% down 15.5% versus February 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
60.3%
MoM +15.2 pp +33.8% up 15.2 pp, 33.8% versus January 2023 YoY −8.6% down 8.6% versus February 2022
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.
1.9
MoM −1 −30.1% down 1, 30.1% versus January 2023 YoY +187.0% up 187.0% versus February 2022
Trend
13 months to February 2023
Average price
| Month | Average price |
|---|---|
| Feb '22 | 1530224 |
| Mar '22 | 1515730 |
| Apr '22 | 1383948 |
| May '22 | 1313651 |
| Jun '22 | 1270053 |
| Jul '22 | 1253458 |
| Aug '22 | 1207303 |
| Sep '22 | 1231803 |
| Oct '22 | 1223189 |
| Nov '22 | 1156315 |
| Dec '22 | 1188341 |
| Jan '23 | 1122501 |
| Feb '23 | 1222095 |
Sales
| Month | Sales |
|---|---|
| Feb '22 | 886 |
| Mar '22 | 1135 |
| Apr '22 | 824 |
| May '22 | 826 |
| Jun '22 | 665 |
| Jul '22 | 510 |
| Aug '22 | 589 |
| Sep '22 | 557 |
| Oct '22 | 476 |
| Nov '22 | 431 |
| Dec '22 | 305 |
| Jan '23 | 350 |
| Feb '23 | 525 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 525 | +175 +50.0% up 175, 50.0% versus January 2023 | $1,222,095 | +$99,594 +8.9% up $99,594, 8.9% versus January 2023 | $1,065,000 | 60.3% | 1.9 |
| Detached | 265 | +97 +57.7% up 97, 57.7% versus January 2023 | $1,531,195 | +$89,547 +6.2% up $89,547, 6.2% versus January 2023 | $1,355,000 | 56.1% | 2.0 |
| Semi-detached | 25 | +8 +47.1% up 8, 47.1% versus January 2023 | $1,046,840 | +$88,058 +9.2% up $88,058, 9.2% versus January 2023 | $1,061,000 | 78.1% | 0.8 |
| Att/row/townhouse | 96 | +40 +71.4% up 40, 71.4% versus January 2023 | $1,016,320 | +$56,668 +5.9% up $56,668, 5.9% versus January 2023 | $939,000 | 80.0% | 0.8 |
| Condo townhouse | 51 | +9 +21.4% up 9, 21.4% versus January 2023 | $752,320 | −$613 −0.1% down $613, 0.1% versus January 2023 | $720,000 | 64.6% | 1.4 |
| Condo apartment | 84 | +17 +25.4% up 17, 25.4% versus January 2023 | $838,703 | +$107,130 +14.6% up $107,130, 14.6% versus January 2023 | $637,500 | 53.2% | 3.2 |
| Link | 3 | n/a not available, prior month not on file versus January 2023 | $972,000 | n/a not available, prior month not on file versus January 2023 | $995,000 | 42.9% | 1.3 |
| Co-op apartment | 1 | n/a not available, prior month not on file versus January 2023 | $360,000 | n/a not available, prior month not on file versus January 2023 | $360,000 | 100.0% | 1.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 359.6 | $1,149,600 | −22.0% down 22.0% |
| Single-family detached | 379.8 | $1,464,800 | −22.3% down 22.3% |
| Single-family attached | 400.6 | $1,013,000 | −22.8% down 22.8% |
| Townhouse | 378.7 | $778,700 | −21.9% down 21.9% |
| Apartment | 359.7 | $613,700 | −13.8% down 13.8% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Oakville +13.3% up 13.3%
- Burlington +11.9% up 11.9%
- Halton Hills +0.3% up 0.3%
- Milton +0.0% up 0.0%
Bottom 5
- Milton +0.0% up 0.0%
- Halton Hills +0.3% up 0.3%
- Burlington +11.9% up 11.9%
- Oakville +13.3% up 13.3%
Sales, month-over-month
Top 5
- Milton +96.9% up 96.9%
- Oakville +45.1% up 45.1%
- Burlington +38.6% up 38.6%
- Halton Hills +24.3% up 24.3%
Bottom 5
- Halton Hills +24.3% up 24.3%
- Burlington +38.6% up 38.6%
- Oakville +45.1% up 45.1%
- Milton +96.9% up 96.9%
Halton Region
Oakville
Oakville, Halton Region
$1,564,949
+$183,504 +13.3% up $183,504, 13.3% versus January 2023
- Sales
- 177
- SP/LP
- 98%
- DOM
- 22
- SNLR
- 52.8%
Milton
Milton, Halton Region
$1,055,272
+$64 +0.0% up $64, 0.0% versus January 2023
- Sales
- 126
- SP/LP
- 100%
- DOM
- 14
- SNLR
- 73.3%
Burlington
Burlington, Halton Region
$1,047,829
+$111,282 +11.9% up $111,282, 11.9% versus January 2023
- Sales
- 176
- SP/LP
- 98%
- DOM
- 25
- SNLR
- 64.9%
Halton Hills
Halton Hills, Halton Region
$1,026,561
+$3,203 +0.3% up $3,203, 0.3% versus January 2023
- Sales
- 46
- SP/LP
- 98%
- DOM
- 22
- SNLR
- 50.0%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|