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Oakville Sees and Increase in New Listings in April 2017
Friday, 05 May 2017, 10:30:00 AM

Oakville Sees an Increase in New Listings, but a Decrease in Property Sales

According to the Oakville, Milton and District Real Estate Board (OMDREB), the number of new listings increased by 6.6% from 2,908 in April 2016 to 3,102 in April 2017.  Moreover, there were 325 residential sales in April 2017 compared with 421 in April of 2016 for a decrease of 22.8%.  

The average sale price in April 2017 was $1,268,168 and that is up 22.17% from $1,038,056 in 2016.  In addition to this increase, the Median sale price rose 33.0% in April 2017 because the median sale price was $1,199,900 compared to $902,150 in April 2016. 

Dennis Horton, the 2017 President of OMDREB said, "We're seeing an increase in new listings so we're hoping for a solid month".

Residential homes continue to sell quickly in Oakville and the average days on the market in April was 11 days.  The Year-to-date average days on market is 16. 

There were 80 detached homes sold in April 2017 in Oakville, 43 Semis/Link/Townhouses, 18 Condo/Apartment/TH, and 15 others. 

 

Oakville Sales April 2017

Oakville Sales Chart 2 April 2017

Posted by: Bill Keay.

Categories:Housing Market Update  
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