Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,271,115
MoM −$26,430 −2.0% down $26,430, 2.0% versus April 2024 YoY −0.2% down 0.2% versus May 2023
Source: TRREB MarketWatch, May 2024
4 areas
Halton Region
May 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.
$1,120,000
MoM −$5,000 −0.4% down $5,000, 0.4% versus April 2024 YoY −4.7% down 4.7% versus May 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,169,800
MoM −$20,800 −1.7% down $20,800, 1.7% versus April 2024 YoY −6.1% down 6.1% versus May 2023
Sales — Firm transactions reported through the MLS® System during the month.
765
MoM −48 −5.9% down 48, 5.9% versus April 2024 YoY −19.8% down 19.8% versus May 2023
Dollar volume — Total value of all sales in the month.
$972.4M
MoM −$82,500,959 −7.8% down $82,500,959, 7.8% versus April 2024 YoY −19.9% down 19.9% versus May 2023
New listings — Properties newly listed during the month.
1,865
MoM +185 +11.0% up 185, 11.0% versus April 2024 YoY +28.0% up 28.0% versus May 2023
Active listings — Listings available at month end.
2,060
MoM +380 +22.6% up 380, 22.6% versus April 2024 YoY +92.3% up 92.3% versus May 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
19
MoM +1 day +5.6% up 1 day, 5.6% versus April 2024 YoY +35.7% up 35.7% versus May 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
26
MoM no change no change versus April 2024 YoY +36.8% up 36.8% versus May 2023
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 April 2024 YoY −3.9% down 3.9% versus May 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
41.0%
MoM −7.4 pp −15.2% down 7.4 pp, 15.2% versus April 2024 YoY −37.4% down 37.4% versus May 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.
2.7
MoM +1 +30.3% up 1, 30.3% versus April 2024 YoY +139.9% up 139.9% versus May 2023
Trend
13 months to May 2024
Average price
| Month | Average price |
|---|---|
| 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 |
| Feb '24 | 1267011 |
| Mar '24 | 1244298 |
| Apr '24 | 1297545 |
| May '24 | 1271115 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Feb '24 | 633 |
| Mar '24 | 718 |
| Apr '24 | 813 |
| May '24 | 765 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 765 | −48 −5.9% down 48, 5.9% versus April 2024 | $1,271,115 | −$26,430 −2.0% down $26,430, 2.0% versus April 2024 | $1,120,000 | 41.0% | 2.7 |
| Detached | 406 | −11 −2.6% down 11, 2.6% versus April 2024 | $1,649,229 | −$60,391 −3.5% down $60,391, 3.5% versus April 2024 | $1,457,500 | 39.2% | 2.8 |
| Semi-detached | 40 | +11 +37.9% up 11, 37.9% versus April 2024 | $1,003,515 | −$55,830 −5.3% down $55,830, 5.3% versus April 2024 | $999,500 | 48.8% | 1.5 |
| Att/row/townhouse | 99 | −21 −17.5% down 21, 17.5% versus April 2024 | $1,035,347 | −$19,963 −1.9% down $19,963, 1.9% versus April 2024 | $970,000 | 36.8% | 2.5 |
| Condo townhouse | 78 | −20 −20.4% down 20, 20.4% versus April 2024 | $817,216 | −$39,486 −4.6% down $39,486, 4.6% versus April 2024 | $735,000 | 53.4% | 2.0 |
| Condo apartment | 139 | −2 −1.4% down 2, 1.4% versus April 2024 | $671,029 | +$20,735 +3.2% up $20,735, 3.2% versus April 2024 | $610,000 | 42.9% | 3.2 |
| Link | 2 | −5 −71.4% down 5, 71.4% versus April 2024 | $925,000 | −$182,243 −16.5% down $182,243, 16.5% versus April 2024 | $925,000 | 66.7% | 1.5 |
| Detached condo | 1 | no change no change versus April 2024 | $1,310,000 | +$75,000 +6.1% up $75,000, 6.1% versus April 2024 | $1,310,000 | 50.0% | 1.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 350.2 | $1,169,800 | −6.1% down 6.1% |
| Single-family detached | 383.1 | $1,525,300 | −5.5% down 5.5% |
| Single-family attached | 395.9 | $1,033,000 | −5.9% down 5.9% |
| Townhouse | 425.3 | $827,200 | −5.2% down 5.2% |
| Apartment | 345.6 | $639,700 | +1.9% up 1.9% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Burlington +1.2% up 1.2%
- Oakville +0.3% up 0.3%
- Milton −4.5% down 4.5%
- Halton Hills −10.9% down 10.9%
Bottom 5
- Halton Hills −10.9% down 10.9%
- Milton −4.5% down 4.5%
- Oakville +0.3% up 0.3%
- Burlington +1.2% up 1.2%
Sales, month-over-month
Top 5
- Milton +24.8% up 24.8%
- Oakville −9.1% down 9.1%
- Halton Hills −9.9% down 9.9%
- Burlington −16.7% down 16.7%
Bottom 5
- Burlington −16.7% down 16.7%
- Halton Hills −9.9% down 9.9%
- Oakville −9.1% down 9.1%
- Milton +24.8% up 24.8%
Halton Region
Oakville
Oakville, Halton Region
$1,591,978
+$4,645 +0.3% up $4,645, 0.3% versus April 2024
- Sales
- 261
- SP/LP
- 98%
- DOM
- 19
- SNLR
- 35.7%
Burlington
Burlington, Halton Region
$1,158,109
+$13,757 +1.2% up $13,757, 1.2% versus April 2024
- Sales
- 250
- SP/LP
- 99%
- DOM
- 19
- SNLR
- 47.5%
Halton Hills
Halton Hills, Halton Region
$1,068,644
−$130,532 −10.9% down $130,532, 10.9% versus April 2024
- Sales
- 73
- SP/LP
- 98%
- DOM
- 19
- SNLR
- 45.1%
Milton
Milton, Halton Region
$1,046,179
−$49,686 −4.5% down $49,686, 4.5% versus April 2024
- Sales
- 181
- SP/LP
- 101%
- DOM
- 17
- SNLR
- 40.7%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|