July 2020 Market Insight Report: Condominium (Burlington)
Below you will find the Market Insight Report for condominiums for June 2020 for Burlington. If you have any questions about any of the information below please feel free to contact us at any time.
At the end of June, inventory levels were up over 48% – the complete opposite result to the freehold market. Sale prices were down slightly, by 2.1%, price per square foot was up 5.3% and sales were up 20..4% as compared to June 2019. Condos were selling for 98.96% of the asking price and in 23 days, on average during the month of June. The absorption rate at the end of June was 1.79 which is still extremely low (a healthy absorption rate would be somewhere around 4 months worth of inventory)
To view our Market Insight Report: Residential, please click here