June 2019 Market Insight Report: Condominium (Burlington)
Below you will find the Market Insight Report for condominiums for May 2019 for Burlington. If you have any questions about any of the information below please feel free to contact us at any time.
Inventory levels in Burlington are quite low and suggest that the condo market is a seller’s market. Year to date, prices have increased by 3% and sales have increased by 20% as compared to the same period in 2018. Price per square foot has jumped from $439.69 in 2018 to $476 in 2019 same period. The month of May was fairly flat in terms of prices coupled with a significant increase in sales of 13% as compared to May 2019. During the month of May condos sold on average for 98.87% of the asking price and in 33 days.
To view our Market Insight Report: Residential, please click here