Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,230,389
MoM −$25,324 −2.0% down $25,324, 2.0% versus July 2023 YoY +1.9% up 1.9% versus August 2022
Source: TRREB MarketWatch, August 2023
4 areas
Halton Region
August 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.
$1,090,000
MoM −$41,000 −3.6% down $41,000, 3.6% versus July 2023 YoY +8.8% up 8.8% versus August 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,179,000
MoM −$10,000 −0.8% down $10,000, 0.8% versus July 2023 YoY +4.6% up 4.6% versus August 2022
Sales — Firm transactions reported through the MLS® System during the month.
554
MoM −11 −1.9% down 11, 1.9% versus July 2023 YoY −5.9% down 5.9% versus August 2022
Dollar volume — Total value of all sales in the month.
$681.6M
MoM −$27,842,310 −3.9% down $27,842,310, 3.9% versus July 2023 YoY −4.1% down 4.1% versus August 2022
New listings — Properties newly listed during the month.
1,231
MoM −2 −0.2% down 2, 0.2% versus July 2023 YoY +17.9% up 17.9% versus August 2022
Active listings — Listings available at month end.
1,477
MoM +109 +8.0% up 109, 8.0% versus July 2023 YoY +10.7% up 10.7% versus August 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
22
MoM +5 days +29.4% up 5 days, 29.4% versus July 2023 YoY −12.0% down 12.0% versus August 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
29
MoM +6 days +26.1% up 6 days, 26.1% versus July 2023 YoY −21.6% down 21.6% versus August 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
99%
MoM no change no change versus July 2023 YoY +3.1% up 3.1% versus August 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
45.0%
MoM −0.8 pp −1.8% down 0.8 pp, 1.8% versus July 2023 YoY −20.2% down 20.2% versus August 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.
2.7
MoM +0 +10.1% up 0, 10.1% versus July 2023 YoY +17.7% up 17.7% versus August 2022
Trend
13 months to August 2023
Average price
| Month | Average price |
|---|---|
| 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 |
| Aug '23 | 1230389 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Aug '23 | 554 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 554 | −11 −1.9% down 11, 1.9% versus July 2023 | $1,230,389 | −$25,324 −2.0% down $25,324, 2.0% versus July 2023 | $1,090,000 | 45.0% | 2.7 |
| Detached | 267 | −13 −4.6% down 13, 4.6% versus July 2023 | $1,577,906 | −$17,258 −1.1% down $17,258, 1.1% versus July 2023 | $1,450,000 | 43.2% | 3.1 |
| Semi-detached | 28 | −3 −9.7% down 3, 9.7% versus July 2023 | $1,028,714 | +$14,540 +1.4% up $14,540, 1.4% versus July 2023 | $1,045,000 | 38.9% | 1.9 |
| Att/row/townhouse | 103 | +18 +21.2% up 18, 21.2% versus July 2023 | $1,073,384 | +$22,922 +2.2% up $22,922, 2.2% versus July 2023 | $998,205 | 49.5% | 1.7 |
| Condo townhouse | 56 | −22 −28.2% down 22, 28.2% versus July 2023 | $845,999 | −$77,663 −8.4% down $77,663, 8.4% versus July 2023 | $777,500 | 67.5% | 1.6 |
| Condo apartment | 96 | +11 +12.9% up 11, 12.9% versus July 2023 | $729,617 | −$15,518 −2.1% down $15,518, 2.1% versus July 2023 | $618,900 | 39.7% | 3.2 |
| Link | 3 | −2 −40.0% down 2, 40.0% versus July 2023 | $1,030,963 | −$73,237 −6.6% down $73,237, 6.6% versus July 2023 | $999,000 | 50.0% | 1.0 |
| Co-op apartment | 1 | n/a not available, prior month not on file versus July 2023 | $460,000 | n/a not available, prior month not on file versus July 2023 | $460,000 | 100.0% | 1.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 352 | $1,179,000 | +4.6% up 4.6% |
| Single-family detached | 381.4 | $1,519,100 | +5.8% up 5.8% |
| Single-family attached | 399.8 | $1,045,000 | +7.6% up 7.6% |
| Townhouse | 427.4 | $832,200 | +9.5% up 9.5% |
| Apartment | 346.8 | $644,100 | −1.5% down 1.5% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Halton Hills +13.0% up 13.0%
- Milton +0.4% up 0.4%
- Oakville −2.4% down 2.4%
- Burlington −7.7% down 7.7%
Bottom 5
- Burlington −7.7% down 7.7%
- Oakville −2.4% down 2.4%
- Milton +0.4% up 0.4%
- Halton Hills +13.0% up 13.0%
Sales, month-over-month
Top 5
- Milton +7.8% up 7.8%
- Oakville +2.2% up 2.2%
- Burlington −9.3% down 9.3%
- Halton Hills −11.3% down 11.3%
Bottom 5
- Halton Hills −11.3% down 11.3%
- Burlington −9.3% down 9.3%
- Oakville +2.2% up 2.2%
- Milton +7.8% up 7.8%
Halton Region
Oakville
Oakville, Halton Region
$1,492,687
−$36,146 −2.4% down $36,146, 2.4% versus July 2023
- Sales
- 183
- SP/LP
- 98%
- DOM
- 21
- SNLR
- 39.1%
Halton Hills
Halton Hills, Halton Region
$1,250,700
+$143,609 +13.0% up $143,609, 13.0% versus July 2023
- Sales
- 47
- SP/LP
- 98%
- DOM
- 17
- SNLR
- 37.3%
Milton
Milton, Halton Region
$1,083,812
+$4,335 +0.4% up $4,335, 0.4% versus July 2023
- Sales
- 139
- SP/LP
- 100%
- DOM
- 22
- SNLR
- 46.6%
Burlington
Burlington, Halton Region
$1,075,897
−$90,222 −7.7% down $90,222, 7.7% versus July 2023
- Sales
- 185
- SP/LP
- 98%
- DOM
- 23
- SNLR
- 54.6%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|