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Inventory levels in Oakville and Milton continue tight

Here are the current levels of inventory for Oakville for specific price ranges: (in months of inventory)

Oakville Milton

Price

300-399k   1.83 months 1.14 months  

400-499k 1.7 months 1.72 months

500-750k 2.12 months 4.18 months

750-999k 6.4 months to few data points

1000-1999k 6.2 months

2000-2999k 10.2 months

3mm+ no data 

 Inventory levels  under 3 months is considered a "tight" market or  a "sellers" market.  Inventory levels of 3-6 months are considered "neutral".  Inventory levels above 6 months are considered a "buyers" market as consumers have many houses to choose from.  These levels are up slightly from the previous 3 month period.  The summer months should push these numbers out further (higher inventory).  Stay tuned!!

 

Posted: Sunday, May 30, 2010 7:33 AM by George Dlugosh
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