Is That Days On The Market Or A New Years Countdown? –

As we enter a brand-new year, the Oakville housing market continues to see a combination of rising prices and a shortage of housing supply leading to an ongoing seller’s market. We are starting to see some price adjustments, but inventory is flying off the market almost as soon as it arrives. With a slightly lower price tag than in previous quarters, they are still significantly higher than this time last year so sellers still have the same strong bargaining position they’ve had for the past three to six months.

While sales are down year over year, December’s closings were fairly typical for the month. House & Condo sales fell 31 percent year over year last month, dropping from 42 properties sold last December to 15 this year. The more startling stat currently is how homes are remaining on the market for fewer days when comparing year over year and month after month. In December 2020, the average days spent on the market was 42, last month was a speedy 15 – even quicker than November and October 2021. Average home prices have jumped over $200,000 since this time last year; rising from $1.38 to $1.58 Million!

Ontario recently reinstated some restrictions that may impact the market this January but it’s a new year and there’s no better time to start fresh. Overall, prices are lower than last month and days that homes spend on the market are at an all-time low so if you’re thinking about buying or selling your home, now would be a great time to speak with one of our experienced agents who can help guide you through what might happen in 2022!

Wishing you and your loved ones all the best from Team RINA

 – Rina DiRisio

 

A LOOK AT THE NUMBERS IN OAKVILLE:

Here is a snapshot of the Oakville real estate market for the month of November 2021 in comparison to November 2020, taking into account all property types:

Click the links below for our neighbourhood-specific market updates:

BRONTE-CREEK-DECEMBER-2021
GLEN-ABBEY-DECEMBER-2021
GLENORCHY-DECEMBER-2021
JOSHUACREEK-DECEMBER-2021
RIVEROAKS-DECEMBER-2021
SE-OAKVILLE-DECEMBER-2021
SOUTHWEST&CENTRAL-OAKVILLE-DECEMBER-2021
WESTOAKTRAILS-OAKVILLE-DECEMBER-2021

For more personalized information, click the ‘Let’s Talk’ button in the top right corner and let’s chat!

Rina DiRisio
B.A., SALES REPRESENTATIVE
Lifetime resident of Oakville

Rina DiRisio

The Rina Blog — Sign up for the latest in real estate news, market intel and more

[]
1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right

© 2022 Rina DiRisio | Royal LePage Real Estate Services Ltd., Brokerage 

adana escort - escort adana - bodrum escort - adana anal escort - adana oral escort - adana yeni escort - adana sınırsız escort - adana olgun escort - adana masöz escort - adana grup escort - adana vip escort - adana çıtır escort - mersin sınırsız escort