Oakville/Burlington Real Estate Market is Doing Just Fine

The real estate market has certainly out-performed the weather, sweeping aside the dark economic clouds despite a forecast of doom and gloom in the media at the beginning of the year.

Buyers and sellers have focused on neigbhourhoods and chosen to ignore negative national and provincial headlines on market conditions.

The simple fact is that the only meaningful real estate marketplace is the one in which you live, so it is important to look closely at your own community real estate activity.  The road to good real estate buying and selling decisions is by a market analysis provided by your neighbourhood realtor.

Just like our weather, there will always been some hot real estate markets and others that will be cold, as we have seen across the GTA this year.  Pricing trends that have emerged in 2009 are likely to continue for the balance of this year, if, as predicted, interest rates will remain low.  While interest rates remain low, the simple fact is that buyers who want to buy will buy and sellers who want to sell will sell.

According to the sales data for September, the average market time for homes that have sold was 30 days.  Most activity in Oakville in recent months has occurred in the $300,000 to $600,000 price range.

The number of homes available for sale is down so if you are contemplating a move this is an excellent time to list your home.