JUNE 2020: OAKVILLE REAL ESTATE MARKET STATISTICS
There has been a significant increase in market activity in the month of June compared to April and May. The desire to buy and sell is certainly back up. We are getting steady showings on our listings, although some price points are certainly seeing more action than others. On average, Oakville homes are selling for higher prices this year compared to last year’s average home sale prices.
This increase in market activity comes after a significantly lower-than-average number of homes sold in the months of April and May due to effects of COVID-19.
We always keep a close watch of the local market. Feel free to reach out if you have any questions or would like a personalized, complimentary analysis of your own home’s value. Always happy to help and keep you up to date!
Real estate market activity is up in Oakville! According to statistics gathered from the Oakville, Milton & District Real Estate Board, the number of homes sold in Oakville in the month of June 2020 is back up and comparable to the number of homes sold in June of 2019. This increase in market activity comes after a significantly lower-than-average number of homes sold in the months of April and May due to the effects of COVID-19. The average sale price of an Oakville home has also increased year-over-year — it has gone up by 16.48% in June 2020 from June 2019.