Source: TRREB MarketWatch, September 2023

4 areas

Halton Region

September 2023

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$1,245,146

MoM +$14,757 +1.2% YoY +1.1%

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$1,125,000

MoM +$35,000 +3.2% YoY +6.1%

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

$1,164,100

MoM −$14,900 −1.3% YoY +0.8%

Sales — Firm transactions reported through the MLS® System during the month.

477

MoM −77 −13.9% YoY −14.4%

Dollar volume — Total value of all sales in the month.

$593.9M

MoM −$87,700,899 −12.9% YoY −13.4%

New listings — Properties newly listed during the month.

1,610

MoM +379 +30.8% YoY +33.7%

Active listings — Listings available at month end.

1,868

MoM +391 +26.5% YoY +33.3%

Avg. LDOM — Average days on market for the current listing. Not reported before 2020.

MoM −1 day −4.5% YoY −12.5%

Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.

MoM no change YoY −21.6%

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

98%

MoM −1.0 pp −1.0% YoY +2.1%

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

29.6%

MoM −15.4 pp −34.2% YoY −36.0%

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.

3.9

MoM +1 +46.9% YoY +55.7%

Trend

13 months to September 2023

Average price

Halton Region average selling price over the 13 months ending September 2023.
Month	Average price
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
Sep '23	1245146

Sales

Halton Region sales over the 13 months ending September 2023.
Month	Sales
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
Sep '23	477

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	477	−77 −13.9% down 77, 13.9% versus August 2023	$1,245,146	+$14,757 +1.2% up $14,757, 1.2% versus August 2023	$1,125,000	29.6%	3.9
Detached	251	−16 −6.0% down 16, 6.0% versus August 2023	$1,574,535	−$3,371 −0.2% down $3,371, 0.2% versus August 2023	$1,405,000	27.2%	4.3
Semi-detached	32	+4 +14.3% up 4, 14.3% versus August 2023	$1,017,184	−$11,530 −1.1% down $11,530, 1.1% versus August 2023	$1,055,000	50.0%	1.9
Att/row/townhouse	72	−31 −30.1% down 31, 30.1% versus August 2023	$1,054,982	−$18,402 −1.7% down $18,402, 1.7% versus August 2023	$983,910	31.2%	3.2
Condo townhouse	33	−23 −41.1% down 23, 41.1% versus August 2023	$859,273	+$13,274 +1.6% up $13,274, 1.6% versus August 2023	$870,000	26.8%	3.9
Condo apartment	84	−12 −12.5% down 12, 12.5% versus August 2023	$675,710	−$53,907 −7.4% down $53,907, 7.4% versus August 2023	$580,000	32.9%	4.2
Link	2	−1 −33.3% down 1, 33.3% versus August 2023	$1,065,000	+$34,037 +3.3% up $34,037, 3.3% versus August 2023	$1,065,000	20.0%	4.0
Detached condo	3	n/a not available, prior month not on file versus August 2023	$990,667	n/a not available, prior month not on file versus August 2023	$965,000	60.0%	0.3

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	347.6	$1,164,100	+0.8% up 0.8%
Single-family detached	375.6	$1,496,200	+1.3% up 1.3%
Single-family attached	390.7	$1,021,200	+1.2% up 1.2%
Townhouse	427.7	$832,800	+5.3% up 5.3%
Apartment	349.2	$648,500	+2.7% up 2.7%

Movers within Halton Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Oakville +3.9% up 3.9%
Burlington −2.5% down 2.5%
Milton −2.8% down 2.8%
Halton Hills −13.4% down 13.4%

Bottom 5

Halton Hills −13.4% down 13.4%
Milton −2.8% down 2.8%
Burlington −2.5% down 2.5%
Oakville +3.9% up 3.9%

Sales, month-over-month

Top 5

Halton Hills no change no change
Oakville −0.5% down 0.5%
Burlington −20.0% down 20.0%
Milton −28.1% down 28.1%

Bottom 5

Milton −28.1% down 28.1%
Burlington −20.0% down 20.0%
Oakville −0.5% down 0.5%
Halton Hills no change no change

Halton Region

Oakville

Oakville, Halton Region

$1,551,189

+$58,502 +3.9% up $58,502, 3.9% versus August 2023

Sales: 182
SP/LP: 98%
DOM: 20
SNLR: 28.8%

Full history →

Halton Hills

Halton Hills, Halton Region

$1,083,709

−$166,991 −13.4% down $166,991, 13.4% versus August 2023

Sales: 47
SP/LP: 96%
DOM: 22
SNLR: 26.0%

Full history →

Milton

Milton, Halton Region

$1,053,783

−$30,029 −2.8% down $30,029, 2.8% versus August 2023

Sales: 100
SP/LP: 99%
DOM: 21
SNLR: 28.0%

Full history →

Burlington

Burlington, Halton Region

$1,049,362

−$26,535 −2.5% down $26,535, 2.5% versus August 2023

Sales: 148
SP/LP: 98%
DOM: 21
SNLR: 33.6%

Full history →

All Halton Region areas

Home type

0 areas

Area	Sales	MoM	$ volume	Average	MoM	Median	New	Active	SP/LP	LDOM	PDOM	SNLR	MOI