Oakville Market Update - February 2018

Oakville has seen a decrease in average price of home sales in the month of February compared to last year, the prices has dropped by 27.5%. However the averegae price is still higher than 2016 by 14.5%.

The average number of days to sell a detached home was 29, semi-detached: 19, condo-townhouse: 30, condo-apartment: 32, and Attached/Row/Townhouse: 27.

Listing prices vs sales prices were extremely close. A detached home sold for 96% of the listing price, semi-detached: 99%, condo-townhouse: 98%, apartment: 98%, and townhouse: 98%.

February 2018 Oakville Real Estate Update is showing a balance market. Home prices are not skyrocketing even though the inventory is low. There appears to be enough listings to satisfy the resale market.

Here are details of the statistics for the town of Oakville.