Oakville-Milton and District Real Estate Board

The number of homes sold through the MLS® System of the Oakville-Milton and District Real Estate Board totaled 504 units in June 2026. This was a minor decrease of 1.2% (six sales) from June 2025.

Home sales were 0.7% below the five-year average and 17.7% below the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 2,331 units over the first six months of the year. This was a small reduction of 2.2% from the same period in 2025.

“There have been short-lived bursts of activity over the past few years, but we have yet to see any sustained increases in demand. Looking past the seasonality, activity is definitely higher now than it was at the beginning of the year but only time will tell if this can be upheld,” said Ryan Mayne, President of the Oakville-Milton and District Real Estate Board. “New listings dropped compared to last year’s June record. The decline in listings has been somewhat of a welcome sight after overall supply levels peaked at historical records in 2025, driving our market into buyer’s territory. While inventories are still well above their long-term norms they are moving in the right direction and slowly reducing the imbalance between supply and demand.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $1,051,900 in June 2026, a decrease of 7.6% compared to June 2025.

The benchmark price for single-family homes was $1,258,800, a moderate decrease of 8.7% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $715,800, falling by 5.1% compared to a year earlier, while the benchmark apartment price was $537,900, a sharp decrease of 11.5% from year-ago levels.

The average price of homes sold in June 2026 was $1,263,267, increasing by 1.2% from June 2025.

The more comprehensive year-to-date average price was $1,259,106, up only 0.1% from the first six months of 2025.

The dollar value of all home sales in June 2026 was $636.7 million, unchanged from the same month in 2025.

The number of new listings saw a substantial decrease of 19.1% from June 2025. There were 1,311 new residential listings in June 2026.

New listings were 2.3% below the five-year average and 0.1% below the 10-year average for the month of June.

Active residential listings numbered 2,099 units on the market at the end of June, a large decline of 17.3% from the end of June 2025.

Active listings were 20.8% above the five-year average and 32.9% above the 10-year average for the month of June.

Months of inventory numbered 4.2 at the end of June 2026, down from the 5 months recorded at the end of June 2025 and above the long-run average of 2.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.