Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,267,636
MoM +$45,541 +3.7% up $45,541, 3.7% versus February 2023 YoY −16.4% down 16.4% versus March 2022
Source: TRREB MarketWatch, March 2023
4 areas
Halton Region
March 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.
$1,101,000
MoM +$36,000 +3.4% up $36,000, 3.4% versus February 2023 YoY −18.5% down 18.5% versus March 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,191,100
MoM +$41,500 +3.6% up $41,500, 3.6% versus February 2023 YoY −16.4% down 16.4% versus March 2022
Sales — Firm transactions reported through the MLS® System during the month.
731
MoM +206 +39.2% up 206, 39.2% versus February 2023 YoY −35.6% down 35.6% versus March 2022
Dollar volume — Total value of all sales in the month.
$926.6M
MoM +$285,041,872 +44.4% up $285,041,872, 44.4% versus February 2023 YoY −46.1% down 46.1% versus March 2022
New listings — Properties newly listed during the month.
1,089
MoM +219 +25.2% up 219, 25.2% versus February 2023 YoY −47.4% down 47.4% versus March 2022
Active listings — Listings available at month end.
997
MoM +14 +1.4% up 14, 1.4% versus February 2023 YoY +8.3% up 8.3% versus March 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
19
MoM −2 days −9.5% down 2 days, 9.5% versus February 2023 YoY +137.5% up 137.5% versus March 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
29
MoM −2 days −6.5% down 2 days, 6.5% versus February 2023 YoY +190.0% up 190.0% versus March 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus February 2023 YoY −10.8% down 10.8% versus March 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
67.1%
MoM +6.8 pp +11.2% up 6.8 pp, 11.2% versus February 2023 YoY +22.4% up 22.4% versus March 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.
1.4
MoM −1 −27.2% down 1, 27.2% versus February 2023 YoY +68.1% up 68.1% versus March 2022
Trend
13 months to March 2023
Average price
| Month | Average price |
|---|---|
| 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 |
| Mar '23 | 1267636 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Mar '23 | 731 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 731 | +206 +39.2% up 206, 39.2% versus February 2023 | $1,267,636 | +$45,541 +3.7% up $45,541, 3.7% versus February 2023 | $1,101,000 | 67.1% | 1.4 |
| Detached | 383 | +118 +44.5% up 118, 44.5% versus February 2023 | $1,650,063 | +$118,868 +7.8% up $118,868, 7.8% versus February 2023 | $1,460,000 | 66.2% | 1.4 |
| Semi-detached | 29 | +4 +16.0% up 4, 16.0% versus February 2023 | $1,027,696 | −$19,144 −1.8% down $19,144, 1.8% versus February 2023 | $999,990 | 58.0% | 1.0 |
| Att/row/townhouse | 104 | +8 +8.3% up 8, 8.3% versus February 2023 | $1,025,924 | +$9,604 +0.9% up $9,604, 0.9% versus February 2023 | $990,000 | 66.2% | 0.8 |
| Condo townhouse | 78 | +27 +52.9% up 27, 52.9% versus February 2023 | $815,346 | +$63,026 +8.4% up $63,026, 8.4% versus February 2023 | $776,000 | 77.2% | 0.9 |
| Condo apartment | 132 | +48 +57.1% up 48, 57.1% versus February 2023 | $676,412 | −$162,291 −19.4% down $162,291, 19.4% versus February 2023 | $585,000 | 68.0% | 2.0 |
| Link | 5 | +2 +66.7% up 2, 66.7% versus February 2023 | $1,057,000 | +$85,000 +8.7% up $85,000, 8.7% versus February 2023 | $1,005,000 | 125.0% | 0.4 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 372.6 | $1,191,100 | −16.4% down 16.4% |
| Single-family detached | 394.4 | $1,521,100 | −16.0% down 16.0% |
| Single-family attached | 413.2 | $1,044,900 | −16.8% down 16.8% |
| Townhouse | 405.7 | $834,200 | −13.6% down 13.6% |
| Apartment | 357.2 | $609,400 | −18.4% down 18.4% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Halton Hills +8.5% up 8.5%
- Milton +7.4% up 7.4%
- Oakville +0.4% up 0.4%
- Burlington −0.7% down 0.7%
Bottom 5
- Burlington −0.7% down 0.7%
- Oakville +0.4% up 0.4%
- Milton +7.4% up 7.4%
- Halton Hills +8.5% up 8.5%
Sales, month-over-month
Top 5
- Oakville +57.1% up 57.1%
- Halton Hills +47.8% up 47.8%
- Burlington +35.8% up 35.8%
- Milton +15.9% up 15.9%
Bottom 5
- Milton +15.9% up 15.9%
- Burlington +35.8% up 35.8%
- Halton Hills +47.8% up 47.8%
- Oakville +57.1% up 57.1%
Halton Region
Oakville
Oakville, Halton Region
$1,571,254
+$6,305 +0.4% up $6,305, 0.4% versus February 2023
- Sales
- 278
- SP/LP
- 100%
- DOM
- 17
- SNLR
- 65.3%
Milton
Milton, Halton Region
$1,133,210
+$77,938 +7.4% up $77,938, 7.4% versus February 2023
- Sales
- 146
- SP/LP
- 100%
- DOM
- 17
- SNLR
- 68.5%
Halton Hills
Halton Hills, Halton Region
$1,113,887
+$87,326 +8.5% up $87,326, 8.5% versus February 2023
- Sales
- 68
- SP/LP
- 98%
- DOM
- 20
- SNLR
- 60.7%
Burlington
Burlington, Halton Region
$1,040,336
−$7,493 −0.7% down $7,493, 0.7% versus February 2023
- Sales
- 239
- SP/LP
- 99%
- DOM
- 24
- SNLR
- 70.7%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|