The Oakville Milton and District Real Estate Board has released its report for the month of July.
It reveals that monthly property sales dropped to a total of 691 compared to 701 in July of last year.
They also saw a decline in property listings to 1,023 compared to 1,127 in the same month last year.
OMDREB President Oliver Matas says, “the good news for sellers is that prices keep inching upwards and that buyers investing now will create wealth in the long run.”
He expects that the market will remain stable in the fall.
OMDREB saw an increase in dollar volume of all property sales worth nearly $38 million compared to last year.
Milton’s average sale price for July was $768,110.
