Oakville September 2020 Home Prices

October 9, 2020

The average price in Oakville for September 2020 vs September 2019 at $1,410,482 was up by 24% and sales increased by over 79%. Price appreciation was driven primarily by the detached market segment where sales more than doubled despite lower inventory levels. The average price of a detached home increased by almost 18% to $1,753,764. Given the median price of a detached home at $1,450,000 it is clear strong sales in the luxury market segment pulled up the average price. The active listings inventory for condominium apartments increased by 41% while sales increased by 31%, so the higher inventory level compared to demand is one of the reasons for slower price appreciation in this market segment.