Recent data indicates that Burlington’s overall market is experiencing a modest decline in average sold prices over the past year, with the latest average price in May 2025 at approximately $1,120,072 compared to about $1,158,109 in May 2024. The HPI shows a one-year drop of 7.84% and a three-year drop of 15.51%, even though long‐term gains (up 88.61% over ten years) remain impressive. Along with these price fluctuations, sales volumes and listing activity have been robust, with 256 properties sold in May 2025, 701 new listings, and 965 active listings. However, an increase in average days on market (28 days in May 2025 compared to shorter periods in the previous year) and a slight uptick in months of inventory to roughly 3.77 suggest a gradual cooling and a more balanced supply-demand dynamic.

Looking ahead, the data signals a market in transition. The recent moderation in prices coupled with increased inventory and longer selling times may indicate that buyers have more leverage, potentially leading to more competitive offers and a market favoring negotiation. For real estate agents advising clients, the key takeaway is to adopt a cautious yet strategic approach: sellers should price properties realistically to attract well-qualified buyers, while buyers can leverage the increased inventory and longer days on market for more favorable deals. Overall, while long-term fundamentals remain strong, the short-term trends suggest that market participants should be prepared for a period of stabilization and adjusted pricing strategies.

Read the full article on: Toronto Regional Real Estate Board