Low inventory and number of buyers out there are continuing to push the average sale prices up; 6% up from last month and 25% from this time last year. Average sale price in Oakville for November is $1,599,044. Like most towns and cities, Oakville has many different types of homes and neighbourhoods, all varying in their trends of average prices and activities, which is why it is very important to talk to us now if you are planning a move, to get the specifics on the areas that you are thinking of.
 

Months of inventory (MOI) saw another drop, down to 0.5 which is the lowest, certainly for the past 5 years.  Average days on market (DOM) remains low at 11 and is consistent with the rest of 2021.

Average sale price to listing price is still hovering around the 106% mark, however, the type of home makes a BIG difference.


If you look at the chart that compares types of homes, you will see that Condo Apartments are at 101% and Semi-Detached are at 122%! A very big difference, and a reminder that you need all the facts, as just one or two factors can skew the numbers. Talk to us now at 905.220.1848 and let us get all the data for the area and type of home you are looking to sell or buy, or email [email protected]! We love to talk Real Estate!