Oakville real estate market | team ross bridges

Market activity has continued strong into the winter season.  November sales were down 21% from last month which is a seasonal norm and on a par with last year (18%), but interestingly, we are up 29% from this time last year!  Last year was also up 27%, maybe suggesting that the traditional time for buying and selling is changing. No longer are people restricting themselves to just the spring market.
  
The number of active listings is down 28% compared to last year, however, the number of new listings hitting the market is up 6%.  So what does this mean?  It suggests that properties are selling much quicker and are not sitting around.  This is also reflected in the MOI (Months Of Inventory) which is currently 1.4 compared to 2.5 this time last year.  Don't forget that this can vary depending on the type of home, see the chart below to see what difference it makes.

Average sale prices have continued to increase, meaning your real estate is a good investment! 

Remember that the different areas within Oakville will make a difference to your numbers; to learn more about the different neighbourhoods, give us a call and talk real estate - our favourite subject!  Click here to contact us or schedule a one on one meeting.

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Home Price Index - showing the price growth over the past decade.