Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,255,713
MoM −$38,538 −3.0% down $38,538, 3.0% versus June 2023 YoY +0.2% up 0.2% versus July 2022
Source: TRREB MarketWatch, July 2023
4 areas
Halton Region
July 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.
$1,131,000
MoM −$42,500 −3.6% down $42,500, 3.6% versus June 2023 YoY +5.9% up 5.9% versus July 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,189,000
MoM −$19,600 −1.6% down $19,600, 1.6% versus June 2023 YoY +2.8% up 2.8% versus July 2022
Sales — Firm transactions reported through the MLS® System during the month.
565
MoM −222 −28.2% down 222, 28.2% versus June 2023 YoY +10.8% up 10.8% versus July 2022
Dollar volume — Total value of all sales in the month.
$709.5M
MoM −$309,097,674 −30.3% down $309,097,674, 30.3% versus June 2023 YoY +11.0% up 11.0% versus July 2022
New listings — Properties newly listed during the month.
1,233
MoM −313 −20.2% down 313, 20.2% versus June 2023 YoY +5.7% up 5.7% versus July 2022
Active listings — Listings available at month end.
1,368
MoM +53 +4.0% up 53, 4.0% versus June 2023 YoY −7.2% down 7.2% versus July 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
17
MoM +3 days +21.4% up 3 days, 21.4% versus June 2023 YoY −19.0% down 19.0% versus July 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
23
MoM +4 days +21.1% up 4 days, 21.1% versus June 2023 YoY −23.3% down 23.3% versus July 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM −2.0 pp −2.0% down 2.0 pp, 2.0% versus June 2023 YoY +2.1% up 2.1% versus July 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
45.8%
MoM −5.1 pp −10.0% down 5.1 pp, 10.0% versus June 2023 YoY +4.9% up 4.9% versus July 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.
2.4
MoM +1 +44.9% up 1, 44.9% versus June 2023 YoY −16.2% down 16.2% versus July 2022
Trend
13 months to July 2023
Average price
| Month | Average price |
|---|---|
| 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 |
| Apr '23 | 1289479 |
| May '23 | 1273198 |
| Jun '23 | 1294251 |
| Jul '23 | 1255713 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Apr '23 | 817 |
| May '23 | 954 |
| Jun '23 | 787 |
| Jul '23 | 565 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 565 | −222 −28.2% down 222, 28.2% versus June 2023 | $1,255,713 | −$38,538 −3.0% down $38,538, 3.0% versus June 2023 | $1,131,000 | 45.8% | 2.4 |
| Detached | 280 | −137 −32.9% down 137, 32.9% versus June 2023 | $1,595,164 | −$37,211 −2.3% down $37,211, 2.3% versus June 2023 | $1,367,500 | 43.3% | 2.9 |
| Semi-detached | 31 | −8 −20.5% down 8, 20.5% versus June 2023 | $1,014,174 | −$78,519 −7.2% down $78,519, 7.2% versus June 2023 | $1,000,000 | 50.8% | 1.3 |
| Att/row/townhouse | 85 | −47 −35.6% down 47, 35.6% versus June 2023 | $1,050,462 | −$13,593 −1.3% down $13,593, 1.3% versus June 2023 | $986,500 | 42.1% | 2.0 |
| Condo townhouse | 78 | +12 +18.2% up 12, 18.2% versus June 2023 | $923,662 | +$33,762 +3.8% up $33,762, 3.8% versus June 2023 | $773,500 | 64.5% | 1.2 |
| Condo apartment | 85 | −44 −34.1% down 44, 34.1% versus June 2023 | $745,135 | +$36,926 +5.2% up $36,926, 5.2% versus June 2023 | $635,000 | 43.8% | 3.1 |
| Link | 5 | +1 +25.0% up 1, 25.0% versus June 2023 | $1,104,200 | −$73,925 −6.3% down $73,925, 6.3% versus June 2023 | $1,123,000 | 100.0% | 0.4 |
| Detached condo | 1 | n/a not available, prior month not on file versus June 2023 | $1,200,000 | n/a not available, prior month not on file versus June 2023 | $1,200,000 | 25.0% | 2.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 355 | $1,189,000 | +2.8% up 2.8% |
| Single-family detached | 386.5 | $1,539,600 | +4.8% up 4.8% |
| Single-family attached | 402 | $1,050,800 | +5.3% up 5.3% |
| Townhouse | 412.1 | $802,400 | +1.1% up 1.1% |
| Apartment | 347.9 | $646,000 | −4.3% down 4.3% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Burlington −1.0% down 1.0%
- Oakville −2.5% down 2.5%
- Halton Hills −3.0% down 3.0%
- Milton −3.3% down 3.3%
Bottom 5
- Milton −3.3% down 3.3%
- Halton Hills −3.0% down 3.0%
- Oakville −2.5% down 2.5%
- Burlington −1.0% down 1.0%
Sales, month-over-month
Top 5
- Burlington −21.2% down 21.2%
- Milton −24.6% down 24.6%
- Oakville −33.7% down 33.7%
- Halton Hills −39.1% down 39.1%
Bottom 5
- Halton Hills −39.1% down 39.1%
- Oakville −33.7% down 33.7%
- Milton −24.6% down 24.6%
- Burlington −21.2% down 21.2%
Halton Region
Oakville
Oakville, Halton Region
$1,528,833
−$39,367 −2.5% down $39,367, 2.5% versus June 2023
- Sales
- 179
- SP/LP
- 98%
- DOM
- 21
- SNLR
- 41.7%
Burlington
Burlington, Halton Region
$1,166,119
−$11,917 −1.0% down $11,917, 1.0% versus June 2023
- Sales
- 204
- SP/LP
- 99%
- DOM
- 17
- SNLR
- 55.9%
Halton Hills
Halton Hills, Halton Region
$1,107,091
−$33,727 −3.0% down $33,727, 3.0% versus June 2023
- Sales
- 53
- SP/LP
- 99%
- DOM
- 15
- SNLR
- 47.3%
Milton
Milton, Halton Region
$1,079,477
−$36,307 −3.3% down $36,307, 3.3% versus June 2023
- Sales
- 129
- SP/LP
- 100%
- DOM
- 13
- SNLR
- 39.5%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|