The Town of Oakville is a beautiful lakeside town with a strong heritage, preserved and celebrated by residents and visitors alike. Founded in 1857, this thriving municipality of about 201,200 residents has become one of the most coveted residential centres in Ontario, and for good reason: quality schools, proximity to Lake Ontario and recreational areas, easy access via QEW, 403, 407 and GO Transit, and charming shopping districts in the downtown core.
Oakville was ranked number one on MoneySense.ca’s Canada’s Best Places to Live 2018.
|City||Average Sale Price||Active Listings||New Listings||Sales||Sales to New Listings Ratio||Months of Inventory|
0-4 months of inventory
- all current listings can expect to be sold within 4 months
sales-to-listings ratio is 55% or more
- more buyers than properties for sale
5-8 months of inventory
- all current listings can expect to be sold within 5 to 8 months
sales-to-listing ratio is between 34% and 54%
- about the same number of properties for sale as there are buyers
9 or more months of inventory
- it would take 9 months or longer for all current listings to be sold
sales-to-listing ratio is 35% or less
- more properties for sale than there are buyers
Oakville experienced an 18.30% year-over-year increase in home sales in April 2019. New listings were also up year-over-year by 9.91%. The annual growth rate for new listings is not keeping pace with sales. However, the sales to new listings ratio was only 38% – balanced but leaning toward a buyer’s market. With almost 4 months of inventory, all indicators point to a buyer’s market in Oakville in April.
|Average Sale Price||$1,332,573||$1,338,062||-0.41%|
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