The 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 267 units in December 2025. This was a large decline of 10.4% from December 2024.

Home sales were 4.2% below the five-year average and 13.3% below the 10-year average for the month of December.

On an annual basis, home sales totaled 4,812 units over the course of 2025. This decreased by 7.4% from 2024.

“December was definitely quieter than the past few months. Sales cooled from the recent monthly pace, slipped year over year, and came in under what we normally see around this time of year. The number of newly listed properties also dropped sharply from November; however, they still landed above the long term norm. What really stood out was that inventory stayed unusually high for December, giving buyers more selection than typical heading into a new year,” said Heidi Noel, President of the Oakville-Milton and District Real Estate Board. “That extra choice may also be contributing to the continued decline in pricing, with the MLS® HPI Composite Benchmark price noticeably lower than a year ago. For those waiting for borrowing costs to settle, the Bank of Canada’s neutral messaging in December suggests rates may be as low as they are going in the near term.”

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 $1,052,600 in December 2025, a decline of 10.1% compared to December 2024.

The benchmark price for single-family homes was $1,266,500, a decrease of 11% on a year-over-year basis in December. By comparison, the benchmark price for townhouse/row units was $716,900, down by 7.7% compared to a year earlier, while the benchmark apartment price was $554,100, a decrease of 10.5% from year-ago levels.

The average price of homes sold in December 2025 was $1,173,729, a modest decline of 3.5% from December 2024.

The more comprehensive annual average price was $1,229,346, down by 5% from all of 2024.

The dollar value of all home sales in December 2025 was $313.4 million, a substantial decrease of 13.5% from the same month in 2024.

The number of new listings saw a big reduction of 12.3% from December 2024. There were 334 new residential listings in December 2025.

New listings were 7.4% above the five-year average and 5% above the 10-year average for the month of December.

Active residential listings numbered 1,272 units on the market at the end of December, increasing by 9.9% from the end of December 2024. Active listings haven’t been this high in the month of December in more than 15 years.

Active listings were 48.5% above the five-year average and 54.5% above the 10-year average for the month of December.

Months of inventory numbered 4.8 at the end of December 2025, up from the 3.9 months recorded at the end of December 2024 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.