Slow Start: Oakville’s Real Estate Market: April 2013

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The spring real estate market in the Oakville area has begun slowly as the number of sales and dollar volume of sales were both down. The median sale prices in Oakville and Milton increased over April 2012.
 

According to figures released today by The Oakville, Milton and District Real Estate Board (OMDREB), the number of sales experienced a decline of 11.9 percent in April 2013 compared to the same period in 2012. Monthly sales totaled 1,074, compared to 1,219 in April 2012. The number of year-to-date sales also decreased by 6.4 percent.

“The spring market has started off moderately,” said Aziz Kanjee, 2013 President of OMDREB. “While the number of sales continued to be down compared to last year, the market remains competitive in Milton and Oakville as sale prices remain high.”

 

The dollar volume of all sales processed through the OMDREB MLS® system decreased in April 2013 to $514,456,992 from $587,288,118 in April 2012– down 12.4 percent. The dollar volume of sales year to date also dropped to 7.9 percent year over year from 2012 to 2013.

 

Oakville’s median sale price for the month of April was $601,000, an increase of 4.5 percent compared to April 2012. The median sale price in Milton was $440,000, an increase of 3.5 percent compared to the same time last year.

 

 

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Readers Comments (2)

  1. Thanks for this update, Dionne! Overall, the Oakville real estate market has weathered the financial crisis fairly well, and because the prices are still competitive, as you mentioned, it’s still a great time to invest in the housing market.

     Reply
    • Nolan Machan says:

      Thank you for taking the time to write. Are you finding your real estate practise has picked up significantly recently?

       Reply



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