Burlington's single family home sales market showed some seasonal strength but has weakened in the past month or two. With August sales numbers in, volume is slightly low, and prices stumbled in August. The graph below shows a line for the median price and bars for the numbers of homes sold.
In the Single Family market, there are only 59 properties listed for sale. This represents an 18% lower inventory than the same time last year. The median sales price dropped in August breaking the summer's upswing. The sales volume improved with 13 homes sold, but this was still down 38% from last year. The average time on market for properties to sell bumped up to160 days, but was skewed by one home taking more than 2 years. Currently we have less than a 5 month supply of property which indicates that the Burlington market remains in favor of sellers.
