Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$922,833
MoM +$51,867 +6.0% up $51,867, 6.0% versus April 2020 YoY +7.9% up 7.9% versus May 2019
Source: TRREB MarketWatch, May 2020
4 areas
Halton Region
May 2020
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$830,000
MoM +$47,750 +6.1% up $47,750, 6.1% versus April 2020 YoY +8.9% up 8.9% versus May 2019
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$946,100
MoM −$11,900 −1.2% down $11,900, 1.2% versus April 2020 YoY +8.7% up 8.7% versus May 2019
Sales — Firm transactions reported through the MLS® System during the month.
497
MoM +159 +47.0% up 159, 47.0% versus April 2020 YoY −51.0% down 51.0% versus May 2019
Dollar volume — Total value of all sales in the month.
$458.6M
MoM +$164,261,489 +55.8% up $164,261,489, 55.8% versus April 2020 YoY −47.2% down 47.2% versus May 2019
New listings — Properties newly listed during the month.
837
MoM +216 +34.8% up 216, 34.8% versus April 2020 YoY −55.9% down 55.9% versus May 2019
Active listings — Listings available at month end.
1,135
MoM +18 +1.6% up 18, 1.6% versus April 2020 YoY −45.7% down 45.7% versus May 2019
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
27
MoM +7 days +35.0% up 7 days, 35.0% versus April 2020 YoY n/a not available, prior month not on file versus May 2019
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
34
MoM +10 days +41.7% up 10 days, 41.7% versus April 2020 YoY n/a not available, prior month not on file versus May 2019
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM no change no change versus April 2020 YoY no change no change versus May 2019
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
59.4%
MoM +5.0 pp +9.1% up 5.0 pp, 9.1% versus April 2020 YoY +11.0% up 11.0% versus May 2019
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.
2.3
MoM −1 −30.9% down 1, 30.9% versus April 2020 YoY +10.9% up 10.9% versus May 2019
Trend
13 months to May 2020
Average price
| Month | Average price |
|---|---|
| May '19 | 855636 |
| Jun '19 | 882960 |
| Jul '19 | 884467 |
| Aug '19 | 857417 |
| Sep '19 | 908053 |
| Oct '19 | 891908 |
| Nov '19 | 892034 |
| Dec '19 | 899220 |
| Jan '20 | 931782 |
| Feb '20 | 977617 |
| Mar '20 | 933413 |
| Apr '20 | 870966 |
| May '20 | 922833 |
Sales
| Month | Sales |
|---|---|
| May '19 | 1015 |
| Jun '19 | 907 |
| Jul '19 | 866 |
| Aug '19 | 754 |
| Sep '19 | 668 |
| Oct '19 | 750 |
| Nov '19 | 668 |
| Dec '19 | 382 |
| Jan '20 | 455 |
| Feb '20 | 769 |
| Mar '20 | 819 |
| Apr '20 | 338 |
| May '20 | 497 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 497 | +159 +47.0% up 159, 47.0% versus April 2020 | $922,833 | +$51,867 +6.0% up $51,867, 6.0% versus April 2020 | $830,000 | 59.4% | 2.3 |
| Detached | 272 | +98 +56.3% up 98, 56.3% versus April 2020 | $1,129,131 | +$64,326 +6.0% up $64,326, 6.0% versus April 2020 | $999,500 | 52.9% | 3.0 |
| Semi-detached | 25 | +5 +25.0% up 5, 25.0% versus April 2020 | $786,248 | +$20,558 +2.7% up $20,558, 2.7% versus April 2020 | $778,000 | 89.3% | 1.2 |
| Att/row/townhouse | 93 | +20 +27.4% up 20, 27.4% versus April 2020 | $767,195 | +$17,599 +2.3% up $17,599, 2.3% versus April 2020 | $720,000 | 83.0% | 1.0 |
| Condo townhouse | 50 | +18 +56.3% up 18, 56.3% versus April 2020 | $578,172 | +$4,916 +0.9% up $4,916, 0.9% versus April 2020 | $568,000 | 62.5% | 1.5 |
| Condo apartment | 50 | +14 +38.9% up 14, 38.9% versus April 2020 | $515,930 | +$9,624 +1.9% up $9,624, 1.9% versus April 2020 | $488,125 | 53.2% | 2.5 |
| Link | 6 | +3 +100.0% up 3, 100.0% versus April 2020 | $750,683 | −$84,317 −10.1% down $84,317, 10.1% versus April 2020 | $786,000 | 100.0% | 1.0 |
| Co-op apartment | 0 | no change no change versus April 2020 | $0 | no change no change versus April 2020 | — | 0.0% | — |
| Detached condo | 1 | +1 up 1 versus April 2020 | $1,310,000 | +$1,310,000 up $1,310,000 versus April 2020 | $1,310,000 | 100.0% | 0.0 |
| Co-ownership apartment | 0 | no change no change versus April 2020 | $0 | no change no change versus April 2020 | — | — | — |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 291.7 | $946,100 | +8.7% up 8.7% |
| Single-family detached | 288.3 | $1,063,300 | +7.6% up 7.6% |
| Single-family attached | 301.9 | $772,400 | +8.7% up 8.7% |
| Townhouse | 316.2 | $608,000 | +10.7% up 10.7% |
| Apartment | 268.7 | $547,400 | +10.2% up 10.2% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Halton Hills +24.7% up 24.7%
- Milton +5.3% up 5.3%
- Oakville +3.6% up 3.6%
- Burlington +1.6% up 1.6%
Bottom 5
- Burlington +1.6% up 1.6%
- Oakville +3.6% up 3.6%
- Milton +5.3% up 5.3%
- Halton Hills +24.7% up 24.7%
Sales, month-over-month
Top 5
- Halton Hills +60.0% up 60.0%
- Burlington +51.5% up 51.5%
- Oakville +49.0% up 49.0%
- Milton +35.1% up 35.1%
Bottom 5
- Milton +35.1% up 35.1%
- Oakville +49.0% up 49.0%
- Burlington +51.5% up 51.5%
- Halton Hills +60.0% up 60.0%
Halton Region
Oakville
Oakville, Halton Region
$1,103,343
+$38,472 +3.6% up $38,472, 3.6% versus April 2020
- Sales
- 149
- SP/LP
- 97%
- DOM
- 28
- SNLR
- 47.9%
Halton Hills
Halton Hills, Halton Region
$912,683
+$180,971 +24.7% up $180,971, 24.7% versus April 2020
- Sales
- 64
- SP/LP
- 98%
- DOM
- 30
- SNLR
- 66.7%
Burlington
Burlington, Halton Region
$878,586
+$13,949 +1.6% up $13,949, 1.6% versus April 2020
- Sales
- 153
- SP/LP
- 98%
- DOM
- 30
- SNLR
- 63.8%
Milton
Milton, Halton Region
$774,156
+$39,078 +5.3% up $39,078, 5.3% versus April 2020
- Sales
- 131
- SP/LP
- 99%
- DOM
- 20
- SNLR
- 69.0%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|