Market Watch – July 2016

July 2016 – Monthly Resale Housing Figures for Oakville & Area

“Property sales continue to decrease, but there is continual increase in sale price,” said Charlotte Forget, President of OMDREB.

The average price of an Oakville resale home sold through the Oakville/Milton MLS® system in July was $1,049,190 – up by 23.2% versus the $851,674 average price recorded in July 2015. Although down slightly from the all-time record of $1,075,178 which was set in June.  Oakville’s median residential sale price for the month of July was $916,000, an increase of 28.25% from $714,250 compared to June 2015.

On a year-to-date basis (January thru July), the average price of an Oakville home (all property types) is $1,034,762 – up by 23.8% versus 2015.

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

And Milton: Market-Watch-Milton-July-2016

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