Oakville Ontario Sales Statistics - May 2009

This is a good news report. For the first time in 2009 we have experienced a month of increased sales and prices in Oakville over the same month in 2008.

May was a very active month for sales in Oakville. I'm not quite sure what the reasons are. Perhaps a combination of a late spring market, record low interest rates (long term rates are rising slightly), and increased consumer confidence.

High end homes have started to move and certain price ranges are low in inventory. Many homes have been selling at list price and other properties are actually seeing multiple offers. Overall, I still feel it is buyer's market but with a slight lean towards a more balanced market.

Only time will tell. It will be interesting to see what happens with sales in June. Traditionally, sales drop during the months of July and August due to summer vacation, and pick up again in September. June is usually the last chance for sellers to take advantage of a greater number of buyers searching for homes.

Here are the May Statistics for Oakville, Ontario

Number of Sales

May 2009 - 382
May 2008 - 354

Increase of 7.9%

Average Sale Price

May 2009 - $547,844

May 2008 - $521,414

Increase of 5.1 %

Median Sale Price

May 2009 - $430,000
May 2008 - $425,000

Increase of 1.2 %


Year To Date Average Sale Price

2009 - $492,851
2008 - $525,758

Decrease of 6.3 %


Year To Date Sales

2009 - 1171

2008 - 1463

Decrease of 20 %

Oakville Sales By Price Range May 2009

Under $300,000 - 50
$300,000 - $500,000 - 179
$500,000 - $800,000 - 99
$800,000 - $1,000,000 - 22
Over $1,000,000 - 32

As you can see, year to date we are still down 6.3 % in average sale price from 2008 and 20% lower in the number of sales. Homes will continue to sell in any type of market if they are priced correctly and show well.





Jenny Kotulak Real Estate Broker
Your Oakville Community REALTOR
RE/MAX Aboutowne Realty Corp. Brokerage
Oakville, Ontario
905-842-7000

Statistics Source: Tarasoft Matrix - Oakville, Milton & District Real Estate Board