Oakville Housing Trends June 2018

The Usman Group - July 16, 2018

Here is the June market report for the Oakville area.

According to statistics that were released by the Oakville Milton and District Real Estate Board, the overall sales were up compared to June 2017, but the number of homes (listings) that were put on the market were also down. Below are the figures for the Oakville area for June 2018.

While houses in the Halton and surrounding areas are not as expensive as they were this time last year, home prices in the GTA do appear to be inching back up. Home ownership will and continue to be a sound long-term investment.

According to figures recently released by the Oakville, Milton, and District Real Estate Board (OMDREB), the overall number of property sales rose in June compared to the same period last year in 2017. The total monthly property sales this year was 772, compared to 689 in June of 2017.

The number of new properties on the market this year is lower than it was back in June of 2017, with 1,403 new listings this year and 1,212 new listings in June 2018.

The dollar volume of all property sales processed through the OMDREB MLS® system saw an increase of 7.14 percent in June 2018 to $492,310,748 from $459,488,899 in June 2017.

Oakville’s median residential sale price for the month of June was $1,010,000, an increase of 1.51 per cent compared to June 2017 at $995,000. The median sale price in Milton was $690,000, an increase of 2.99 percent from $670,000 compared to the same time in 2017.

Home ownership will and continue to be a sound long-term investment. Though it will be interesting to see what happens with housing policies in the coming months with Liberals losing control of the province this past month.

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