The Oakville, Milton and District Real Estate Board

Market Conditions


Single Detached

Months of inventory for single detached homes numbered 2.7 at the end of the fourth quarter of 2023, up slightly from the 2.6 months recorded at the end of the fourth quarter of 2022.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, homes spent more time on the market in the fourth quarter of 2023 than they had a year earlier.

The median number of days on market for single detached homes was 25 in the fourth quarter of 2023, up from 19.5 days in the fourth quarter of 2022.


Townhouse

Months of inventory for townhouse and row units numbered 1.8 at the end of the fourth quarter of 2023, up slightly from the 1.5 months recorded at the end of the fourth quarter of 2022.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, townhouse and row units spent more time on the market in the fourth quarter of 2023 than they had a year earlier.

The median number of days on market for townhouse and row units was 19 in the fourth quarter of 2023, up slightly from 16 days in the fourth quarter of 2022.



Apartment Units

Months of inventory for apartment units numbered 5.5 at the end of the fourth quarter of 2023, up from the 4 months recorded at the end of the fourth quarter of 2022.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Despite a more balanced market, apartment units spent less time on the market in the fourth quarter of 2023 than they had a year earlier.

The median number of days on market for apartment units was 27 in the fourth quarter of 2023, down slightly from 27.5 days in the fourth quarter of 2022.



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