Market Watch – August 2016

August 2016 – Monthly Resale Housing Figures for Oakville & Area

“We’re continuing to see a trend of low supply, however, sales prices continue to climb” said Charlotte Forget, President of OMDREB (Oakville Milton & District Real Estate Board).

The average price of an Oakville resale home sold through the Oakville/Milton MLS® system in August was $1,108,391 – up by 22.9% versus the $901,754 average price recorded in August 2015.  Oakville’s median residential sale price for August was $920,000, up by 27.8% versus the August 2015 median price of $719,900.

On a year-to-date basis (January thru August), the average price of an Oakville home (all property types) is $1,041,308 – up by 23.6% versus last year.

Here are the latest real estate sales figures for Oakville: Market-Watch-Oakville-August-2016

And Milton: Market-Watch-Milton-August-2016

Jason Mercer – Director, Market Analysis, discusses the Market Watch Report for August 2016 in the GTA

If you are looking to buy or sell a home in Oakville, Mississauga, Milton or Burlington and surrounding areas, or if you would like to receive MLS listings, please contact me.