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Average home sale price in Burlington for the month of September 2015 was $571,439
Average home price in Burlington as of September 2015 is: $561,359
The statistics indicate steady market growth in Burlington.
Here how I worked out he math:
Home prices have gone up 9.5% this year from $512,757 in January to $561,359 as of September 2015. If the prices stay the same for the remainder of 2015 that means the there is an increase in the market of 0.8% [9.5% / 12 = 0.8%].
Since the average home in Burlington is roughly $561,359, this means each month the price will increase $4,490 [$561,359 * .8% = $4,490]
I will be posting the final rules later this week.