Oakville, ON, September 4, 2018 – According to figures released September 4th by The

Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales

rose in August compared to the same period in 2017. Monthly property sales totalled 650

compared to 591 in August 2017.

The number of new property listings is also slightly higher than it was in August 2017, 956 new

listings in August 2017 compared to 962 in 2018.

“August 2018 is the third consecutive month of increases on a year over year comparison. It is

nice to see the Buyer’s re-appearing into the market”, notes OMDREB President Rick Kedzior.

“Housing in the Oakville/Milton markets remain a steady long term investment. Our markets

continue to attract Buyers due to our safe communities, excellent schools and proximity to

major highways”, states Kedzior. “Our concern now continues to be the lack of housing

inventory to meet growing demand.”

The dollar volume of all property sales processed through the OMDREB MLS® system saw an

increase in August 2018 to $424,450,341 from $356,319,670 in August 2017.

Oakville’s median residential sale price for the month of August was $944,000, down 12.37

percent from August 2017 at $1,077,250. The median sale price in Milton was $705,000, an

increase of 9.30 percent from $645,000 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.

Established in 1954, the Board also champions shelter-based charitable endeavours that are

important to the local communities in which its members work and serve. For more information

about OMDREB, please visit www.omdreb.on.ca.

Media Contacts Rick Kedzior, President, OMDREB, Communications Officer, OMDREB,

905-844-6491 ext. 1010

*The total sales are comprised of all sales by OMDREB Members, regardless of jurisdiction.

**Total dollar volume of sales reflects “all property types” including residential, condominiums,

commercial property, farmland and sale of businesses.

 

 

Oakville Home Sales Report – August 2018

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