Burlington's real estate market is experiencing a price correction, with values down 26.7% from last year. Home prices have decreased 13.4% in the past month. With 2.8 months of supply, Burlington's inventory levels remain relatively tight. Transaction volume is up 46% compared to what's typically expected this time of year. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 47.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Burlington market with the affordability index at 82.6. Based on current market indicators, home prices in Burlington are projected to increase by approximately 7.9% over the next month.
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