Number of Homes sold in Oakville each month in 2011
|Less than $300,000||26||32||36||33||27||28||17||14|
|More than $2,000,000||4||5||3||4||7||2||4||7|
Total Inventory: 659 homes currently listed for sale in Oakville (as of Sept 7).
There were 237 sales in Oakville in August, down significantly from the previous 3 months but much stronger than last August when we had 220 sales. For the most part the weather cooperated with much more moderate temperatures than in July, making house hunting much more comfortable.
Currently there are 659 homes listed for sale in Oakville, up from 619 to start off the month of August. Of those 659 homes, only 174 are priced below $500,000. 264 homes are priced between $500,000 and $1,000,000. There are 221 homes priced above $1,000,000, which represents about 1/3 of the market.
As with the previous few months, we continue to see a real shortage of homes on the market, especially in the lower price ranges. With 111 homes selling for less than $500,000 last month and only 174 home listed in this range, this represents about 1.5 month's supply.
Please feel free to contact me directly if you have any questions about the statistics or would like information specific to your area.