Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,188,341
MoM +$32,026 +2.8% up $32,026, 2.8% versus November 2022 YoY −11.5% down 11.5% versus December 2021
Source: TRREB MarketWatch, December 2022
4 areas
Halton Region
December 2022
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$1,030,000
MoM +$25,000 +2.5% up $25,000, 2.5% versus November 2022 YoY −14.9% down 14.9% versus December 2021
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,127,000
MoM −$7,800 −0.7% down $7,800, 0.7% versus November 2022 YoY −13.0% down 13.0% versus December 2021
Sales — Firm transactions reported through the MLS® System during the month.
305
MoM −126 −29.2% down 126, 29.2% versus November 2022 YoY −37.8% down 37.8% versus December 2021
Dollar volume — Total value of all sales in the month.
$362.4M
MoM −$135,927,596 −27.3% down $135,927,596, 27.3% versus November 2022 YoY −44.9% down 44.9% versus December 2021
New listings — Properties newly listed during the month.
384
MoM −418 −52.1% down 418, 52.1% versus November 2022 YoY −12.5% down 12.5% versus December 2021
Active listings — Listings available at month end.
883
MoM −355 −28.7% down 355, 28.7% versus November 2022 YoY +362.3% up 362.3% versus December 2021
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
32
MoM +6 days +23.1% up 6 days, 23.1% versus November 2022 YoY +190.9% up 190.9% versus December 2021
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
45
MoM +6 days +15.4% up 6 days, 15.4% versus November 2022 YoY +221.4% up 221.4% versus December 2021
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
97%
MoM no change no change versus November 2022 YoY −11.0% down 11.0% versus December 2021
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
79.4%
MoM +25.7 pp +47.8% up 25.7 pp, 47.8% versus November 2022 YoY −28.8% down 28.8% versus December 2021
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.
2.9
MoM +0 +0.8% up 0, 0.8% versus November 2022 YoY +642.7% up 642.7% versus December 2021
Trend
13 months to December 2022
Average price
| Month | Average price |
|---|---|
| Dec '21 | 1343098 |
| Jan '22 | 1484265 |
| Feb '22 | 1530224 |
| Mar '22 | 1515730 |
| Apr '22 | 1383948 |
| May '22 | 1313651 |
| Jun '22 | 1270053 |
| Jul '22 | 1253458 |
| Aug '22 | 1207303 |
| Sep '22 | 1231803 |
| Oct '22 | 1223189 |
| Nov '22 | 1156315 |
| Dec '22 | 1188341 |
Sales
| Month | Sales |
|---|---|
| Dec '21 | 490 |
| Jan '22 | 497 |
| Feb '22 | 886 |
| Mar '22 | 1135 |
| Apr '22 | 824 |
| May '22 | 826 |
| Jun '22 | 665 |
| Jul '22 | 510 |
| Aug '22 | 589 |
| Sep '22 | 557 |
| Oct '22 | 476 |
| Nov '22 | 431 |
| Dec '22 | 305 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 305 | −126 −29.2% down 126, 29.2% versus November 2022 | $1,188,341 | +$32,026 +2.8% up $32,026, 2.8% versus November 2022 | $1,030,000 | 79.4% | 2.9 |
| Detached | 170 | −39 −18.7% down 39, 18.7% versus November 2022 | $1,502,129 | +$25,819 +1.7% up $25,819, 1.7% versus November 2022 | $1,373,250 | 84.6% | 2.8 |
| Semi-detached | 8 | −14 −63.6% down 14, 63.6% versus November 2022 | $1,026,763 | +$63,771 +6.6% up $63,771, 6.6% versus November 2022 | $1,010,000 | 72.7% | 2.1 |
| Att/row/townhouse | 38 | −29 −43.3% down 29, 43.3% versus November 2022 | $934,298 | −$59,675 −6.0% down $59,675, 6.0% versus November 2022 | $882,500 | 77.5% | 2.3 |
| Condo townhouse | 35 | −23 −39.7% down 23, 39.7% versus November 2022 | $753,471 | −$59,501 −7.3% down $59,501, 7.3% versus November 2022 | $705,000 | 92.1% | 2.0 |
| Condo apartment | 53 | −19 −26.4% down 19, 26.4% versus November 2022 | $677,230 | −$42,053 −5.8% down $42,053, 5.8% versus November 2022 | $585,000 | 65.4% | 4.3 |
| Link | 1 | −2 −66.7% down 2, 66.7% versus November 2022 | $1,100,000 | +$66,667 +6.5% up $66,667, 6.5% versus November 2022 | $1,100,000 | 33.3% | 3.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 352.5 | $1,127,000 | −13.0% down 13.0% |
| Single-family detached | 369.3 | $1,424,200 | −14.0% down 14.0% |
| Single-family attached | 387.7 | $980,600 | −14.7% down 14.7% |
| Townhouse | 374.8 | $770,600 | −11.4% down 11.4% |
| Apartment | 372.3 | $635,200 | −0.6% down 0.6% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Burlington +10.9% up 10.9%
- Oakville +3.7% up 3.7%
- Halton Hills +2.4% up 2.4%
- Milton −0.9% down 0.9%
Bottom 5
- Milton −0.9% down 0.9%
- Halton Hills +2.4% up 2.4%
- Oakville +3.7% up 3.7%
- Burlington +10.9% up 10.9%
Sales, month-over-month
Top 5
- Milton −22.0% down 22.0%
- Burlington −23.7% down 23.7%
- Halton Hills −24.0% down 24.0%
- Oakville −40.0% down 40.0%
Bottom 5
- Oakville −40.0% down 40.0%
- Halton Hills −24.0% down 24.0%
- Burlington −23.7% down 23.7%
- Milton −22.0% down 22.0%
Halton Region
Oakville
Oakville, Halton Region
$1,449,722
+$52,004 +3.7% up $52,004, 3.7% versus November 2022
- Sales
- 93
- SP/LP
- 97%
- DOM
- 31
- SNLR
- 64.6%
Halton Hills
Halton Hills, Halton Region
$1,092,168
+$25,392 +2.4% up $25,392, 2.4% versus November 2022
- Sales
- 38
- SP/LP
- 97%
- DOM
- 31
- SNLR
- 86.4%
Burlington
Burlington, Halton Region
$1,070,036
+$105,097 +10.9% up $105,097, 10.9% versus November 2022
- Sales
- 103
- SP/LP
- 97%
- DOM
- 31
- SNLR
- 79.2%
Milton
Milton, Halton Region
$1,069,068
−$9,172 −0.9% down $9,172, 0.9% versus November 2022
- Sales
- 71
- SP/LP
- 98%
- DOM
- 35
- SNLR
- 107.6%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|