Oakville Real Estate Statistics – May Oakville
Wednesday Jun 20th, 2018
Market Update - May 2018
Oakville has seen a decrease in average price of home sales in the month of May compared to last year, the prices has dropped by 4.6%.
The total number of listing was 660 lower than 2016, we had 254 houses sold however in 2016 we had 796 less by 17.1%.
Average number of days to sell a detached home was 25, semi-detached: 22, condo-townhouse: 26, condo-apartment: 29, and Attached/Row/Townhouse: 22.
Listing prices vs sales prices were extremely close. A detached home sold for 96.5% of the listing price, semi-detached: 97%, condo-townhouse: 98.1%, apartment: 98.5%, and townhouse: 97.5%.
May 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.