The New Street February 2021 Oakville Real Estate Report //
Prices //
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The average price of a home in Oakville was $1,451,000 in February.
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This figure was up by approx 10% from last month (Jan. 2021).
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The average price increased from last year by approx. 39% ( Feb. 2020).?
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Towns and Semis saw the largest increase from last year (Feb. 2020) at 26% and 26% respectively.
Sales Activity //
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With 303 sales, volume increased from last month (Jan. 2021) by approx. 96%.?
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Sales activity was up from last year (Feb. 2020) by approx. 30%.
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Detached homes saw the largest spike in activity, up by approx 51% respectively.?
Market //
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There is currently 0.6 month of supply on the market on average.?
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Homes are selling for 108% of their listing price on average.?
Analysis // ?
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Similar to other local markets, the Oakville real estate market is still at record high levels in terms of average price and sales.