Oakville Real Estate - October 2009 Statistics

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 11, 2009 -- The number of home sales in Oakville in October 2009 was a whopping 78% higher than October a year ago. Last October saw the beginning of the tumble in the market but the sales rebounded this past spring and we began to see healthy sales stats once again. Consumer confidence returned and the excellent mortgage rates made for a winning combination.

The average sale price in Oakville in October 2009 was $600,705, up 12 percent from last October. The median sale price of $486,250 saw a 25% climb from the previous year. The average days on market shrunk from 41 in October 2008 to 32 this past month.

Our current market has swung to a seller's market in the low and mid price range. There is a good supply of buyers but low inventory which means that many homes are selling for list price or more with competing offers.

Many people feel that November and December is not the right time of year to buy or sell real estate but that is a misconception.


Go to www.oakvilleontariorealestate.ca to read articles about tips for buying in a Seller's Market. Also Great Reasons to Buy or Sell in November and December.

For all your real estate needs contact Jenny Kotulak Broker
RE/MAX Aboutowne Realty Corp. Brokerage,
Oakville, Ontario
905-842-7000
Past President Oakville, Milton & District Real Estate Board
Your Oakville Community REALTOR









Stats Source: OMDREB Tarasoft Matrix

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