Oakville Real Estate Market Stats-December 2018
Monday Jan 14th, 2019
We are seeing a very low inventory number of listing in the month of December was 388 compared to last year 395 listing in the same month.
We also had lower sales activity in the month of December compared to last year only 120 homes sold compared to December 2017 we had 204 homes sold.
The real estate market is balanced market with 4.6 months of inventory. The demand is higher for homes less than 700,000.
The good news the Benchmark price for a composite type of homes in Oakville in December is higher by 9.6% compared to December 2017. This means the market has been corrected and now we are seeing regular home price increases.