June 2017 Market Report

Oakville, ON, July 5, 2017 – According to figures released July 5 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales decreased by 30.33 per cent in June compared to the same period in 2016. Monthly property sales totaled 703 compared to 1,009 in June 2016.

The number of new property listings saw an increase of 18.83 per cent, from 1,227 in June 2016 to 1,458 in 2017.

“As we continue to see a shift in the market, we’re interested in how the year will unfold,” said Dennis Horton, 2017 President of OMDREB.

The dollar volume of all property sales processed through the OMDREB MLS system saw a decrease of 36.08 per cent in June 2017 to $475,418,629 from $743,797,556 in June 2016.

Oakville’s median residential sale price for the month of June was $992,500 an increase of 28.48 per cent from $901,777 compared to June 2016. The median sale price in Milton was $745,395, an increase of 24.63 per cent from $638,156 compared to the same time last year.

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