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 483 units in October 2025. This was nearly unchanged, down only 0.2% (one sale) from October 2024.

Home sales were 6.8% above the five-year average and 11.5% below the 10-year average for the month of October.

On a year-to-date basis, home sales totaled 4,147 units over the first 10 months of the year. This was a decrease of 7.3% from the same period in 2024.

"Sales picked back up in October, climbing above the 400-homes mark, placing sales right in line with what we would expect for this time of year. New listings came in higher than last year, which confirms that sellers are still active in our region,” said Ken Mazurek, President of the Oakville-Milton and District Real Estate Board. “That said, overall inventory is still well above typical October levels, providing plenty of opportunities for buyers ready to enter the market. The MLS® HPI Composite Benchmark Price continues to move downwards, now sitting below the $1.1 million level for the first time since the end of 2020. In other local news, Oakville and Milton secured over $21 million in provincial funding to accelerate housing development, as both communities exceeded their 2024 housing targets and are continuing to expand supply.”

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 $1,097,100 in October 2025, falling by 5.8% compared to October 2024.

The benchmark price for single-family homes was $1,320,100, a decline of 6.1% on a year-over-year basis in October. By comparison, the benchmark price for townhouse/row units was $749,300, down by 5.4% compared to a year earlier, while the benchmark apartment price was $578,700, a decrease of 8.5% from year-ago levels.

The average price of homes sold in October 2025 was $1,199,493, a moderate decrease of 5.3% from October 2024.

The more comprehensive year-to-date average price was $1,234,966, decreasing by 4.7% from the first 10 months of 2024.

The dollar value of all home sales in October 2025 was $579.4 million, a decline of 5.5% from the same month in 2024.

The number of new listings was up by 10.5% from October 2024. There were 1,198 new residential listings in October 2025. This was also the largest number of new listings added in the month of October in history.

New listings were 26.2% above the five-year average and 21.4% above the 10-year average for the month of October.

Active residential listings numbered 2,201 units on the market at the end of October, an increase of 20.2% from the end of October 2024. Active listings haven’t been this high in the month of October in more than 15 years.

Active listings were 54.6% above the five-year average and 61.3% above the 10-year average for the month of October.

Months of inventory numbered 4.6 at the end of October 2025, up from the 3.8 months recorded at the end of October 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.