The housing market in Oakville continues to see strong price appreciation, with values up 17.8% compared to last year. Home prices have increased 8.4% in the past month alone. At the current pace, all available homes in Oakville would sell out in just 1.5 months, indicating a continued supply shortage. Properties are selling within just 11 days on average, much faster than the historical norm of 50 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Oakville market with the affordability index at 166.0. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.