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Oakville Real Estate Update May 2023

May 2023 stats

Note the stats above are from the Oakville Milton Real Estate Board and may be different from the Toronto Real Estate Board. Not all Oakville Agents list on Toronto, and not all Toronto Agents list on Oakville.

The slow and steady upward trend continues in Oakville for the month of May 2023.  Home prices are a little higher than they were last year at this time and the number of houses on the market for sale remains low putting pressure on prices to rise.  The Bank of Canada raised their rate to 4.7 % as part of their plan to curb inflation.  We haven’t seen an interest rate this high in 20 years. 

 

The number of homes sold in Oakville for May 2023 was 226 and there are 278 active listings. The average price was $1,629,399 with homes remaining on the market for 29 days. 

If you’re locked in at a lower rate now is the time to buy!

 

If you’re thinking about making a move (or know someone who is) I’m only a text, call, or email away.

Be sure to check out my free local Facebook Group, Meet Me In Oakville. It’s a great place to connect with other community members and get weekly updates on the best events and happenings in and around town.

Ready to buy a home? I have some recommendations for great lenders. Just send me an email to hello@meetmeinoakville.com or call or text me at 365-675-0734

 No pressure, no sales tactics, just the help and guidance that you need, when you need it!

Claudia Chopik

Claudia Chopik

Hi, there! I’m Claudia, the founder of Meet Me In Oakville – A strong tribe of Oakville residents who get weekly information about the best events, restaurants, shopping, activities, and real estate In and Around Oakville, Ontario.