June 2018 Market Report

Oakville, ON, July 5, 2018 – According to figures released July 4th by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales rose in June compared to the same period in 2017. Monthly property sales totaled 772 compared to 689 in June 2017.

The number of new property are lower than it was in June 2017, 1,403 new listings in June 2017 compared to 1,212 in 2018.

“As we move into the end of Q2 2018 and beyond, we expect to see a more “normal” market versus Q1 and Q2 of 2017,” states OMDREB President Rick Kedzior.”The June stats reflect this, with moderate increases in Oakville and small decreases in Milton compared to June 2017.”

“We would like to see more listing inventory in the mix and look forward to a vibrant Fall market.Oakville and Milton are very safe communities to raise a family and are well located in the GTA.”

The dollar volume of all property sales processed through the OMDREB MLS system saw an increase of 7.14 percent in June 2018 to $492,310,748 from $459,488,899 in June 2017.

Oakville’s median residential sale price for the month of June was $1,010,000, an increase of 1.51 per cent compared to June 2017 at $995,000. The median sale price in Milton was $690,000, an increase of 2.99 percent from $670,000 compared to the same time in 2017.

View full report HERE