Oakville has seen a decrease in average price of home sales in the month of April compared to last year, the prices has dropped by 8.8%. However the averegae price is still higher than 2016 by 2.7%.

The average number of days to sell a detached home was 23, semi-detached: 25, condo-townhouse: 27, condo-apartment: 44, and Attached/Row/Townhouse: 26.

Listing prices vs sales prices were extremely close. A detached home sold for 96.52% of the listing price, semi-detached: 98.65%, condo-townhouse: 98.81%, apartment: 96.8%, and townhouse: 97.19%.

April 2018 Oakville Real Estate Update is showing a balance market with inventory  of 3.6 months. Home prices are not skyrocketing. There appears to be enough listings to satisfy the resale market.