With 7.0 months of inventory, Burlington is currently in a buyer's market. The median home price of $400,312 represents a moderate 5.3% increase from this time last year. With 7 active listings, inventory is 600% higher than seasonal norms. Homes are now taking an average of 138 days to sell, significantly longer than the 16 days typical for this market. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Burlington market with the affordability index at 253.3. Based on current market indicators, home prices in Burlington are projected to increase by approximately 11.6% over the next month.