Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,302,551
MoM +$93,601 +7.7% up $93,601, 7.7% versus November 2023 YoY +9.6% up 9.6% versus December 2022
Source: TRREB MarketWatch, December 2023
4 areas
Halton Region
December 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.
$1,035,000
MoM +$20,000 +2.0% up $20,000, 2.0% versus November 2023 YoY +0.5% up 0.5% versus December 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,095,800
MoM +$4,200 +0.4% up $4,200, 0.4% versus November 2023 YoY −2.1% down 2.1% versus December 2022
Sales — Firm transactions reported through the MLS® System during the month.
361
MoM −67 −15.7% down 67, 15.7% versus November 2023 YoY +18.4% up 18.4% versus December 2022
Dollar volume — Total value of all sales in the month.
$470.2M
MoM −$47,209,515 −9.1% down $47,209,515, 9.1% versus November 2023 YoY +29.7% up 29.7% versus December 2022
New listings — Properties newly listed during the month.
327
MoM −616 −65.3% down 616, 65.3% versus November 2023 YoY −14.8% down 14.8% versus December 2022
Active listings — Listings available at month end.
908
MoM −670 −42.5% down 670, 42.5% versus November 2023 YoY +2.8% up 2.8% versus December 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
36
MoM +8 days +28.6% up 8 days, 28.6% versus November 2023 YoY +12.5% up 12.5% versus December 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
54
MoM +9 days +20.0% up 9 days, 20.0% versus November 2023 YoY +20.0% up 20.0% versus December 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
95%
MoM −1.0 pp −1.0% down 1.0 pp, 1.0% versus November 2023 YoY −2.1% down 2.1% versus December 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
110.4%
MoM +65.0 pp +143.2% up 65.0 pp, 143.2% versus November 2023 YoY +39.0% up 39.0% versus December 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.
2.5
MoM −1 −31.8% down 1, 31.8% versus November 2023 YoY −13.1% down 13.1% versus December 2022
Trend
13 months to December 2023
Average price
| Month | Average price |
|---|---|
| Dec '22 | 1188341 |
| 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 |
Sales
| Month | Sales |
|---|---|
| Dec '22 | 305 |
| 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 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 361 | −67 −15.7% down 67, 15.7% versus November 2023 | $1,302,551 | +$93,601 +7.7% up $93,601, 7.7% versus November 2023 | $1,035,000 | 110.4% | 2.5 |
| Detached | 184 | −46 −20.0% down 46, 20.0% versus November 2023 | $1,733,081 | +$250,701 +16.9% up $250,701, 16.9% versus November 2023 | $1,272,500 | 120.3% | 2.5 |
| Semi-detached | 20 | −1 −4.8% down 1, 4.8% versus November 2023 | $1,114,146 | +$180,598 +19.3% up $180,598, 19.3% versus November 2023 | $974,500 | 500.0% | 0.8 |
| Att/row/townhouse | 63 | +9 +16.7% up 9, 16.7% versus November 2023 | $1,006,930 | −$994 −0.1% down $994, 0.1% versus November 2023 | $935,000 | 128.6% | 1.3 |
| Condo townhouse | 29 | −26 −47.3% down 26, 47.3% versus November 2023 | $770,735 | +$23,675 +3.2% up $23,675, 3.2% versus November 2023 | $710,000 | 80.6% | 2.9 |
| Condo apartment | 60 | −2 −3.2% down 2, 3.2% versus November 2023 | $635,487 | −$270,782 −29.9% down $270,782, 29.9% versus November 2023 | $570,000 | 73.2% | 4.5 |
| Link | 5 | +2 +66.7% up 2, 66.7% versus November 2023 | $1,026,800 | +$170,567 +19.9% up $170,567, 19.9% versus November 2023 | $1,015,000 | 250.0% | 0.8 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 327.2 | $1,095,800 | −2.1% down 2.1% |
| Single-family detached | 352 | $1,402,200 | −1.7% down 1.7% |
| Single-family attached | 370 | $967,200 | −0.5% down 0.5% |
| Townhouse | 400.7 | $780,200 | +2.3% up 2.3% |
| Apartment | 342.8 | $636,500 | +0.8% up 0.8% |
Movers within Halton Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Halton Hills +62.3% up 62.3%
- Oakville +3.7% up 3.7%
- Burlington −0.6% down 0.6%
- Milton −4.9% down 4.9%
Bottom 5
- Milton −4.9% down 4.9%
- Burlington −0.6% down 0.6%
- Oakville +3.7% up 3.7%
- Halton Hills +62.3% up 62.3%
Sales, month-over-month
Top 5
- Oakville −0.7% down 0.7%
- Milton −12.1% down 12.1%
- Burlington −26.0% down 26.0%
- Halton Hills −34.8% down 34.8%
Bottom 5
- Halton Hills −34.8% down 34.8%
- Burlington −26.0% down 26.0%
- Milton −12.1% down 12.1%
- Oakville −0.7% down 0.7%
Halton Region
Halton Hills
Halton Hills, Halton Region
$1,750,254
+$671,629 +62.3% up $671,629, 62.3% versus November 2023
- Sales
- 30
- SP/LP
- 95%
- DOM
- 23
- SNLR
- 96.8%
Oakville
Oakville, Halton Region
$1,630,068
+$58,056 +3.7% up $58,056, 3.7% versus November 2023
- Sales
- 136
- SP/LP
- 94%
- DOM
- 40
- SNLR
- 107.9%
Burlington
Burlington, Halton Region
$1,016,778
−$5,791 −0.6% down $5,791, 0.6% versus November 2023
- Sales
- 108
- SP/LP
- 96%
- DOM
- 37
- SNLR
- 121.3%
Milton
Milton, Halton Region
$990,944
−$51,005 −4.9% down $51,005, 4.9% versus November 2023
- Sales
- 87
- SP/LP
- 97%
- DOM
- 34
- SNLR
- 107.4%
All Halton Region areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|