DECREASE IN LISTINGS, PROPERTY SALES STAY STRONG
Oakville, ON, March 1, 2017 – According to figures released March 1 by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales increased by 1.26 per cent in February compared to the same period in 2016. Monthly property sales totaled 642 compared to 634 in February 2016. The number of new property listings saw a decrease of 3.02 per cent, from 860 in February 2016 to 834 in 2017.
“Listings saw a decrease, we’re glad to see an increase in sales,” said Dennis Horton, 2017 President of OMDREB. The dollar volume of all property sales processed through the OMDREB MLS® system saw an increase of 31.46 per cent in February 2017 to $554,654,709 from $421,919,680 in February 2016. The median sale price in Milton was $790,000, an increase of 45.92 per cent from $549,950 compared to the same time last year.
RESIDENTIAL ONLY SALES ACCORDING TO DISTRICT
Milton Residential Type Units Sold by Type
Condo Apartment/TH 8
Dennis Horton, President, OMDREB
Stephanie Lai, Communications Officer, OMDREB, 905-844-6491 ext. 101
*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.
OMDREB February 2017 Sales Results
1. The average home price is found by adding the value of all sales and dividing by the number of homes.
2. The median sale price is the midpoint of all sales.
The information provided herein is deemed accurate but not guaranteed.
Source: The Oakville, Milton and District Real Estate Board
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