Welcome to the latest update on the Burlington real estate market. Here's a quick look at how the market performed in March 2025 across different property types:
Key Market Stats for Burlington in March 2025
1-Storey Detached Homes
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Price Trend: Down by -10.7% compared to the previous month
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Market Condition: Currently in a balanced market with an absorption rate of 33.1%
2-Storey Detached Homes
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Price Trend: Down by -4.7% from the previous month
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Market Condition: Remains a balanced market, with an absorption rate of 33.1%
Freehold Townhomes
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Price Trend: Slight decrease of -0.6% month-over-month
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Market Condition: Balanced market, with an absorption rate of 48.1%
Condo Townhomes
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Price Trend: Down by -0.6% compared to the previous month
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Market Condition: A balanced market with an absorption rate of 38.6%
Apartments
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Price Trend: Increased by 0.2% from February to March
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Market Condition: A strong buyer's market with an absorption rate of 16.3%
Additional Insights
Despite the absorption rates indicating a balanced market in Burlington, the ongoing month-over-month Housing Price Index shows price softening, largely attributed to economic uncertainties. This market trend may also be influenced by first-time homebuyers taking advantage of lower interest rates.
How Can We Help?
The real estate market is always evolving, and understanding these shifts is key to making informed decisions. If you're considering buying, selling, or just want to discuss how these trends affect your specific situation, I’m here to offer expert advice tailored to your needs.
Feel free to Contact Martin Group at (289) 778-3852. Let’s make sure you’re navigating the Burlington real estate market with confidence.
