Halton Region real estate market demonstrated some growth in October, with increases in both new listings and sales across all municipalities. Let's dive into the latest market trends and what they mean for buyers and sellers in our region.


Market Overview - October 2024 marked a shift in market dynamics, with the Halton Region experiencing a 64.7% increase in both new listings and sales compared to the previous year. The average home price remained relatively stable at $1,212,379, showing a modest 1.1% increase year-over-year.


MUNICIPAL BREAKDOWN

Oakville: Leading the Price Growth Oakville continues to command the highest average prices in the region, with homes now averaging $1,495,467 - a notable 7.1% increase from last year. The market saw a dramatic 72.9% increase in new listings, offering more options for potential buyers.


Burlington: Increased Activity, Adjusted Prices Burlington experienced a significant surge in market activity with both new listings and sales up 65%. However, average prices saw a 4.6% adjustment to $1,088,016, potentially creating opportunities for buyers in this sought-after market.


Milton: Stability and Growth Milton demonstrated remarkable market stability with prices holding steady (+0.4%) while experiencing a 53.8% increase in both new listings and sales. This balance suggests a healthy market dynamic that serves both buyers and sellers.


Halton Hills: Increased Accessibility Halton Hills saw substantial market activity growth with a 64.3% increase in both listings and sales. The average price adjustment of -9.8% has created new opportunities for buyers looking to enter this market.


WHAT THIS MEANS FOR BUYERS & SELLERS

For Buyers: 

  • More options with increased inventory across all municipalities

  • Varied price points with some markets showing price adjustments

  • Slightly longer average days on market, allowing for more considered decisions


For Sellers:

  • Strong sales volumes indicate healthy buyer demand

  • Market remains active despite seasonal trends

  • Proper pricing strategy crucial in current market conditions


LOOKING AHEAD

The significant increase in market activity suggests renewed confidence in the Halton Region real estate market. While average days on market have increased slightly, the substantial growth in both listings and sales indicates a robust and active market environment.


EXPERT TIP

For both buyers and sellers, the current market presents unique opportunities. Buyers benefit from increased choice and varied price points, while sellers can capitalise on the heightened market activity.


Want to learn more about your specific neighbourhood or discuss your real estate goals? Contact us for a detailed analysis of your local market conditions.


Ready to make your move in the Halton real estate market? Contact our team for expert guidance and personalised market insights 647-424-3576.


Stats provided by TREB


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