MARKET REVIEW FOR JANUARY 2020S
Looking at statistics released by the Oakville, Milton and District Real Estate Board (OMDREB), compared to January of last year the total number of sales in January 2020 increased for all property types.
Interestingly, the total number of new listings dropped significantly. There were only 740 new listings in January 2020 compared to 875 new listings in January 2019.
These statistics are certainly reflected in what we’re seeing in this early spring market in Oakville. It’s been a busy couple of weeks of showings with lots of interest from buyers. Newly listed properties are selling quickly and low inventory is driving sale prices upwards.
If you’re thinking of selling, there is no better time to get in the market.
Low inventory, yet lots of buyers in the market. Now’s the time to list.