Unit sales remain strong in Burlington

As we conclude the first half of 2008, the Burlington area real estate market is still showing customer confidence and enthusiasm, adding 350 unit sales in the month of June, this brings the monthly average year-to-date to 298 units sold per month or a total of 1,788 residential homes sold. This is slightly above the monthly average for 2007, which was recorded at 291 units sold per month. Average home prices are currently sitting at $352,274, again are poised for confidence in the local marketplace. Here is a snapshot at the averages for the Burlington area sales since 2003;

An additional point of observation that is worthy to note is the number of listings that are active on the market are showing a notable increase in the product available at 760 listings. This gives the buyers an option to shop and compare listings and not feel rushed in having to make a decision quickly on a specific home, there are choices out there and it seems that listings are staying on the market a bit longer, particularly if they are not priced sharply to sell.

If you or anyone you know are curious about real estate market statistics in any particular area or home style, please feel free to contact us and we can customize a statistical report for you, and of course without obligation.