Oakville Weekly Market Report May 31-June 6

Oakville Weekly Makret Report May 31-June 6

Resource based on The Oakville Milton and District Real Estate Board

Last week the number of units sold decreased 14 %, from 50 units to 43 units.  Average sale price on the other hand, increased 10.5%, from $1,189,000 to $1,314,700. Days on the market was 42.9% longer, from 21 days to 30 days.  Active listings on the market continued to increase by 8.2%, from 368 listings climbed up to 398 units. Phone calls and appointments made through our brokerage Remax Aboutowne both further increased. Overall, there are more inventory, and more buyers are starting shopping for houses.

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.