October has signaled that the Oshawa real estate market is poised for a solid finish to 2019. I will include some important trends to help understand and possibly even predict where the fall market is headed leading into 2020. If you have any questions about these Oshawa Real Estate stats please don't hesitate to contact me.
Days On Market
With interest rates at all time lows, during the month of October, Oshawa real estate sells on average in 20 Days. If you look at the Average days on Market Year over Year you can see that Oshawa homes are selling a lot faster in 2019 year over year. In my opinion they are selling faster because of the lower inventory levels also seen in the chart below. To see what your home would sell for in today's market please click on free-home-evaluation.
Oshawa Housing Inventory
For the month of October Oshawa saw 244 Homes sell and come off the market. 389 new listings have replenished the inventory. For the month of October sellers were getting very close to their asking price with the average selling to listing price ratio of 99% of asking.
The Average Sold Price
The average selling price was $509,000 and basically flat on the monthly change. Prices are still up 2.9% for the quarter and still up 2% on the year. If you are thinking of selling and are wondering how to net more for your home please click on how to save-commission-when-selling. My Low Commission and Full Service System has saved my clients thousands of dollars!
Below you can see what different sized homes sold for in the last 30 days. 3 bedrooms led the way being up 7% on average. Check out the current list of homes-for-sale-in-north-oshawa or search all of MLS and Oshawa listings.
Questions or Comments about real estate? I'd love to hear from you! Matt Phillips is a Low Commission Realtor and can be reached by clicking contact.
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