Recent figures that were released on July 4th by The Oakville, Milton and District Real Estate Board (OMDREB), show the number of all property sales rose in June compared to the June 2017. Monthly property sales totaled 772 compared to 689 back in June 2017.
The number of new properties listed is lower than it was back in June 2017, with 1,403 new listings in June 2017 compared to 1,212 new property listings 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, compared to $459,488,899 back 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.
About The Oakville, Milton and District Real Estate Board (OMDREB)The Oakville, Milton and District Real Estate Board represents over 1,800 REALTORS® who serve the communities of Oakville, Milton, Halton Hills and the surrounding areas. OMDREB serves its members through a variety of support and services, including professional development, technology and advocacy.