The housing market in Oakville continues to see strong price appreciation, with values up 23.4% compared to last year. Home prices have decreased 6.2% in the past month. At the current pace, all available homes in Oakville would sell out in just 1.1 months, indicating a continued supply shortage. Homes are taking about 19 days to sell, which is -7 days longer than this time last year. A significant 46.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 46.2% 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 48.2. Based on current market indicators, home prices in Oakville are projected to decrease by approximately 4.5% over the next month.