See a current overview of the housing market with with Zolo's Oak Ridges real estate market trends. We've made real estate data like average house prices, housing inventory, and days on market easily accessible to you. Our home price data is always updated. This report goes over sales history between October 12 - December 07 and measures it against the same period last year. These real estate statistics are paired with rankings of all neighbourhoods in the Richmond Hill area based on home sold price, price growth, days on market, and turnover. This way, you get to see the Oak Ridges housing market on a wider scale, and how it contrasts with other neighbourhoods in the city. All this data is intended to give you a thorough understanding of both the local Oak Ridges and the Richmond Hill area, so that in the end, you'll be able to make a well-informed decision about where you'd like to live. To see the difference between this neighbourhood and the city of Richmond Hill, take a look at Richmond Hill's trends page. In addition to our market analysis, consider referencing other MLS stats, like the MLS Home Price Index, to get a more rounded view of the market.
Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.
A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.
Data is reported in 4 or 8 week periods.
28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.
Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."
