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Burlington Real Estate Market Statistics for March 2019

March 2019 Statistics Provided by RAHB

The 2019 stats are in for March and when we review the numbers we can see that they indicate to us how the market is performing. And it also indicates that we are heading into a strong spring market. Please review the charts and stats below for more information about the Burlington March 2019 stats.

Residential Market Activity
Residential Market Activity
Residential Market Activity

In March 2019, Burlington saw an increase in the number of sales as indicated in the above chart, Residential Market Activity. There was a total of 258 sales for the month with the average price of a property being $738,839.

Average Residential Price by District
Average Residential Price by District
Average Residential Price by District

By taking a look at the Average Residential Price by District map we can see how Burlington did in March 2019. We are able to see each area and what the average price was. March 2019 was a strong month for Burlington particularly in area 35 (Millcroft) where they saw a total of 77 sales. The map shows us that Burlington continues to do quite well from the beach all the way to HWY #5.

Burlington Residential Table
Burlington Residential Table
Burlington Residential Table

There’s a lot to be happy about when we review the above chart, Burlington Residential Table. Because we can see that Burlington has had a great month. March 2019 saw an increase of 7% in sales activity with a total of 258 sales. And an increase of 15% in the number of active listings or 500 for the month. And the average price of a property was $738,839 indicating to us that there was a 0% difference to March 2018.

RABH Statistics for March 2019

The stats provided by RAHB provide us with a lot of information that is very useful. This month for example we saw a 1% drop from March 2018 with a 40% increase over February 2019.

And the stats are indicating that there was a 74% increase over January 2019, these numbers are great for the spring market. The average home saw a 4.9% increase for the RAHB area at $575,099 from March 2018.

“The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market. We experienced a 2% increase in the number of listings over last year, which means more overall choice for buyers.” – RAHB CEO George O’Neill

Contact Lori VanDinther

Have you been thinking about selling your home? Contact Lori today and she’ll be happy to discuss the next steps. And if you want to learn more about the Burlington market, Lori will be happy to go over with you.