February Sales
/The average price of an Oakville resale home sold through the Oakville-Milton MLS® system in February was $1,428,664 - up by 43.5% versus the $995,357 average price of February 2016. The median price in February was $1,250,000 - up by 41.9% versus the February 2016 median price of $880,750. The proportion of fully detached homes selling over the $1 million mark was 87.4% - or almost 9 out of every 10 detached homes sold in the Oakville resale market. Continued low inventory levels and strong consumer confidence levels are combining to create this spectacular rise in resale prices.