Oakville Weekly Market Report (June 21-June 27)
Resource based on The Oakville Milton and District Real Estate Board
Last week the number of units sold decreased 11.8 %, from 76 units to 67 units. Average sale price on the other hand increased 15%, from $1,217.871 to $1,400,000, mainly because lots of medium and high-end properties were sold last week. Days on the market was 25% longer, from 20 days to 25 days. Active listings on the market continued to increase, rose 7.3%, from 452 listings climbed up to 485 units. Phone calls and appointments made through our brokerage Remax Aboutowne both dropped down a little bit. Overall, there are more inventory, and the market is active and towards balance.
Is it the end of side effect of Covid-19? It is too early to make this conclusion. Let’s keep watching next week’s market update.
We update Oakville real estate market report on a weekly basis, as well as detailed sold properties information for the previous week, such information includes property address, community, asking price, sold price, type of the property, detailed information of each listing, room sizes, descriptions, and more pictures and even virtual tours of that property. If you are interested in active listings currently on the market, or hot new listings or properties sold in other areas, please let us know, we will customize the information according to your criteria. We are always here to help with all your real estate needs. So please sign up the form at the bottom of this page, we will deliver such info and updates straight to your mailbox every week.