April 2017 Market Report

Oakville, ON, May 2, 2017 – According to figures released May 2 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales decreased by 8.47 per cent in April compared to the same period in 2016. Monthly property sales totaled 940 compared to 1,027 in April 2016.

The number of new property listings saw an increase of 6.6 per cent, from 2,908 in April 2016 to 3,102 in 2017.

“We’re seeing an increase in new listings, so we’re hoping for a solid month,” said Dennis Horton, 2017 President of OMDREB.

The dollar volume of all property sales processed through the OMDREB MLS system saw an increase of 14.12 per cent in April 2017 to $837,484,410 from $733,853,384 in April 2016.

Oakville’s median residential sale price for the month of April was $1,199,900, an increase of 33 per cent from $902,150 compared to April 2016. The median sale price in Milton was $757,500, an increase of 25.21 per cent from $605,000 compared to the same time last year.

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