The new year is in full swing, and with it comes many people who have made buying or selling a home part of their 2021 resolutions.
The Real Estate Market is BOOMING in Burlington. It's been a busy time for us with some record sales and enthusiastic future owners securing their dream homes! Low inventory and multiple offers on in-demand properties and market segments have continued to be common in the first month of the year, with little change expected in the coming months. While new listing activity as well as inventory for sale is likely to rise towards spring, buyer activity is expected to rise with it, limiting impact to the months supply of inventory.
We live, work and play in Burlington, and it is our goal to inform and share with you what's happening and why our communities are so special to us. Below you will find the January 2021 Market Snapshot for Burlington!
Across all styles of homes in Burlington, the Average Sales Price increased! Average Sales Price increased 32.8 percent to $1,395,087 for Detached homes, increased 14.9 percent to $764,256 for Semi-Detached/Townhouse homes and increased 11.2 percent to $538,639 for Condos. Detached/Semi/Town Homes are selling in record time too. Average Days on Market decreased 29.0 percent to 22 for Detached homes and decreased 42.1 percent to 11 for Semi-Detached/Townhouse homes. It’s a great time to sell in Burlington!
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