Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,273,198
MoM −$16,281 −1.3% down $16,281, 1.3% versus April 2023 YoY −3.1% down 3.1% versus May 2022
Source: TRREB MarketWatch, May 2023
4 areas
Halton Region
May 2023
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$1,175,000
MoM +$10,000 +0.9% up $10,000, 0.9% versus April 2023 YoY −2.1% down 2.1% versus May 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,244,600
MoM +$23,200 +1.9% up $23,200, 1.9% versus April 2023 YoY −2.7% down 2.7% versus May 2022
Sales — Firm transactions reported through the MLS® System during the month.
954
MoM +137 +16.8% up 137, 16.8% versus April 2023 YoY +15.5% up 15.5% versus May 2022
Dollar volume — Total value of all sales in the month.
$1.21B
MoM +$161,126,548 +15.3% up $161,126,548, 15.3% versus April 2023 YoY +11.9% up 11.9% versus May 2022
New listings — Properties newly listed during the month.
1,457
MoM +335 +29.9% up 335, 29.9% versus April 2023 YoY −23.0% down 23.0% versus May 2022
Active listings — Listings available at month end.
1,071
MoM +78 +7.9% up 78, 7.9% versus April 2023 YoY −24.9% down 24.9% versus May 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
14
MoM −3 days −17.6% down 3 days, 17.6% versus April 2023 YoY +16.7% up 16.7% versus May 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
19
MoM −5 days −20.8% down 5 days, 20.8% versus April 2023 YoY no change no change versus May 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
103%
MoM +2.0 pp +2.0% up 2.0 pp, 2.0% versus April 2023 YoY +2.0% up 2.0% versus May 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
65.5%
MoM −7.3 pp −10.1% down 7.3 pp, 10.1% versus April 2023 YoY +50.1% up 50.1% versus May 2022
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.
1.1
MoM −0 −7.6% down 0, 7.6% versus April 2023 YoY −35.0% down 35.0% versus May 2022
Trend
13 months to May 2023
Average price
| Month | Average price |
|---|---|
| May '22 | 1313651 |
| Jun '22 | 1270053 |
| Jul '22 | 1253458 |
| Aug '22 | 1207303 |
| 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 |
Sales
| Month | Sales |
|---|---|
| May '22 | 826 |
| Jun '22 | 665 |
| Jul '22 | 510 |
| Aug '22 | 589 |
| 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 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 954 | +137 +16.8% up 137, 16.8% versus April 2023 | $1,273,198 | −$16,281 −1.3% down $16,281, 1.3% versus April 2023 | $1,175,000 | 65.5% | 1.1 |
| Detached | 455 | +10 +2.2% up 10, 2.2% versus April 2023 | $1,658,741 | +$45,091 +2.8% up $45,091, 2.8% versus April 2023 | $1,495,300 | 56.0% | 1.4 |
| Semi-detached | 57 | +13 +29.5% up 13, 29.5% versus April 2023 | $1,122,353 | +$42,768 +4.0% up $42,768, 4.0% versus April 2023 | $1,110,000 | 75.0% | 0.5 |
| Att/row/townhouse | 144 | +24 +20.0% up 24, 20.0% versus April 2023 | $1,095,303 | +$1,231 +0.1% up $1,231, 0.1% versus April 2023 | $1,047,500 | 72.4% | 0.7 |
| Condo townhouse | 108 | +27 +33.3% up 27, 33.3% versus April 2023 | $852,134 | +$10,649 +1.3% up $10,649, 1.3% versus April 2023 | $790,000 | 80.0% | 0.6 |
| Condo apartment | 179 | +61 +51.7% up 61, 51.7% versus April 2023 | $734,889 | +$53,419 +7.8% up $53,419, 7.8% versus April 2023 | $630,000 | 78.5% | 1.4 |
| Link | 8 | +2 +33.3% up 2, 33.3% versus April 2023 | $1,089,088 | −$54,412 −4.8% down $54,412, 4.8% versus April 2023 | $1,113,000 | 160.0% | 0.0 |
| Detached condo | 3 | n/a not available, prior month not on file versus April 2023 | $1,972,500 | n/a not available, prior month not on file versus April 2023 | $1,117,500 | 300.0% | 0.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 371.6 | $1,244,600 | −2.7% down 2.7% |
| Single-family detached | 404.2 | $1,610,100 | −1.4% down 1.4% |
| Single-family attached | 421.6 | $1,102,000 | −0.9% down 0.9% |
| Townhouse | 443.3 | $863,200 | +2.5% up 2.5% |
| Apartment | 339.9 | $631,200 | −13.4% down 13.4% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Halton Hills +12.4% up 12.4%
- Milton −0.1% down 0.1%
- Oakville −1.6% down 1.6%
- Burlington −2.9% down 2.9%
Bottom 5
- Burlington −2.9% down 2.9%
- Oakville −1.6% down 1.6%
- Milton −0.1% down 0.1%
- Halton Hills +12.4% up 12.4%
Sales, month-over-month
Top 5
- Milton +30.3% up 30.3%
- Burlington +19.4% up 19.4%
- Oakville +10.5% up 10.5%
- Halton Hills +5.7% up 5.7%
Bottom 5
- Halton Hills +5.7% up 5.7%
- Oakville +10.5% up 10.5%
- Burlington +19.4% up 19.4%
- Milton +30.3% up 30.3%
Halton Region
Oakville
Oakville, Halton Region
$1,554,259
−$25,851 −1.6% down $25,851, 1.6% versus April 2023
- Sales
- 327
- SP/LP
- 103%
- DOM
- 14
- SNLR
- 57.9%
Halton Hills
Halton Hills, Halton Region
$1,186,768
+$131,035 +12.4% up $131,035, 12.4% versus April 2023
- Sales
- 93
- SP/LP
- 102%
- DOM
- 10
- SNLR
- 62.4%
Milton
Milton, Halton Region
$1,117,530
−$1,297 −0.1% down $1,297, 0.1% versus April 2023
- Sales
- 202
- SP/LP
- 106%
- DOM
- 10
- SNLR
- 66.0%
Burlington
Burlington, Halton Region
$1,115,294
−$33,875 −2.9% down $33,875, 2.9% versus April 2023
- Sales
- 332
- SP/LP
- 101%
- DOM
- 17
- SNLR
- 76.0%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|