Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,143,518
MoM −$159,033 −12.2% down $159,033, 12.2% versus December 2023 YoY +1.9% up 1.9% versus January 2023
Source: TRREB MarketWatch, January 2024
4 areas
Halton Region
January 2024
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$998,000
MoM −$37,000 −3.6% down $37,000, 3.6% versus December 2023 YoY +1.1% up 1.1% versus January 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,097,800
MoM +$2,000 +0.2% up $2,000, 0.2% versus December 2023 YoY −1.4% down 1.4% versus January 2023
Sales — Firm transactions reported through the MLS® System during the month.
454
MoM +93 +25.8% up 93, 25.8% versus December 2023 YoY +29.7% up 29.7% versus January 2023
Dollar volume — Total value of all sales in the month.
$519.2M
MoM +$48,936,242 +10.4% up $48,936,242, 10.4% versus December 2023 YoY +32.1% up 32.1% versus January 2023
New listings — Properties newly listed during the month.
797
MoM +470 +143.7% up 470, 143.7% versus December 2023 YoY +2.7% up 2.7% versus January 2023
Active listings — Listings available at month end.
861
MoM −47 −5.2% down 47, 5.2% versus December 2023 YoY −8.1% down 8.1% versus January 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
40
MoM +4 days +11.1% up 4 days, 11.1% versus December 2023 YoY +25.0% up 25.0% versus January 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
56
MoM +2 days +3.7% up 2 days, 3.7% versus December 2023 YoY +27.3% up 27.3% versus January 2023
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM +3.0 pp +3.2% up 3.0 pp, 3.2% versus December 2023 YoY +2.1% up 2.1% versus January 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
57.0%
MoM −53.4 pp −48.4% down 53.4 pp, 48.4% versus December 2023 YoY +26.3% up 26.3% versus January 2023
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 −24.6% down 1, 24.6% versus December 2023 YoY −29.2% down 29.2% versus January 2023
Trend
13 months to January 2024
Average price
| Month | Average price |
|---|---|
| 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 |
| Oct '23 | 1199254 |
| Nov '23 | 1208950 |
| Dec '23 | 1302551 |
| Jan '24 | 1143518 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Oct '23 | 425 |
| Nov '23 | 428 |
| Dec '23 | 361 |
| Jan '24 | 454 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 454 | +93 +25.8% up 93, 25.8% versus December 2023 | $1,143,518 | −$159,033 −12.2% down $159,033, 12.2% versus December 2023 | $998,000 | 57.0% | 1.9 |
| Detached | 220 | +36 +19.6% up 36, 19.6% versus December 2023 | $1,445,562 | −$287,519 −16.6% down $287,519, 16.6% versus December 2023 | $1,293,500 | 55.7% | 1.9 |
| Semi-detached | 22 | +2 +10.0% up 2, 10.0% versus December 2023 | $1,026,955 | −$87,191 −7.8% down $87,191, 7.8% versus December 2023 | $1,016,000 | 84.6% | 0.6 |
| Att/row/townhouse | 90 | +27 +42.9% up 27, 42.9% versus December 2023 | $980,786 | −$26,144 −2.6% down $26,144, 2.6% versus December 2023 | $950,000 | 84.9% | 0.7 |
| Condo townhouse | 52 | +23 +79.3% up 23, 79.3% versus December 2023 | $766,790 | −$3,945 −0.5% down $3,945, 0.5% versus December 2023 | $760,000 | 69.3% | 1.5 |
| Condo apartment | 67 | +7 +11.7% up 7, 11.7% versus December 2023 | $705,326 | +$69,839 +11.0% up $69,839, 11.0% versus December 2023 | $590,000 | 35.3% | 4.2 |
| Link | 2 | −3 −60.0% down 3, 60.0% versus December 2023 | $1,057,500 | +$30,700 +3.0% up $30,700, 3.0% versus December 2023 | $1,057,500 | 66.7% | 1.0 |
| Detached condo | 1 | n/a not available, prior month not on file versus December 2023 | $1,025,000 | n/a not available, prior month not on file versus December 2023 | $1,025,000 | — | 1.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 327.8 | $1,097,800 | −1.4% down 1.4% |
| Single-family detached | 352.8 | $1,405,300 | −0.8% down 0.8% |
| Single-family attached | 375.5 | $981,600 | +0.2% up 0.2% |
| Townhouse | 403.1 | $784,900 | +0.3% up 0.3% |
| Apartment | 335 | $622,100 | +1.1% up 1.1% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Milton +4.3% up 4.3%
- Burlington −4.7% down 4.7%
- Oakville −10.9% down 10.9%
- Halton Hills −45.0% down 45.0%
Bottom 5
- Halton Hills −45.0% down 45.0%
- Oakville −10.9% down 10.9%
- Burlington −4.7% down 4.7%
- Milton +4.3% up 4.3%
Sales, month-over-month
Top 5
- Halton Hills +63.3% up 63.3%
- Burlington +33.3% up 33.3%
- Milton +27.6% up 27.6%
- Oakville +10.3% up 10.3%
Bottom 5
- Oakville +10.3% up 10.3%
- Milton +27.6% up 27.6%
- Burlington +33.3% up 33.3%
- Halton Hills +63.3% up 63.3%
Halton Region
Oakville
Oakville, Halton Region
$1,451,707
−$178,361 −10.9% down $178,361, 10.9% versus December 2023
- Sales
- 150
- SP/LP
- 97%
- DOM
- 40
- SNLR
- 51.2%
Milton
Milton, Halton Region
$1,033,641
+$42,697 +4.3% up $42,697, 4.3% versus December 2023
- Sales
- 111
- SP/LP
- 99%
- DOM
- 33
- SNLR
- 61.7%
Burlington
Burlington, Halton Region
$969,008
−$47,770 −4.7% down $47,770, 4.7% versus December 2023
- Sales
- 144
- SP/LP
- 97%
- DOM
- 45
- SNLR
- 56.9%
Halton Hills
Halton Hills, Halton Region
$961,835
−$788,419 −45.0% down $788,419, 45.0% versus December 2023
- Sales
- 49
- SP/LP
- 96%
- DOM
- 42
- SNLR
- 69.0%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|