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 402 units in November 2025, a moderate decrease of 5.2% from November 2024.

Home sales were 1.7% below the five-year average and 15.7% below the 10-year average for the month of November.

On a year-to-date basis, home sales totaled 4,547 units over the first 11 months of the year. This decreased by 7.1% from the same period in 2024.

“Sales eased on both a monthly and a yearly basis, finishing below where we would expect in a typical November. The number of newly listed properties also pulled back, slipping under the 1,000 home mark for the first time this year,” said Ken Mazurek, President of the Oakville-Milton and District Real Estate Board. “Even so, the number of available homes at the end of November remained well above the historical norm for the month. For buyers that have been saying they were waiting for rates to drop, more choice, or lower prices, this may well be that time. For buyers weighing their next step we recommend reaching out to a trusted local REALTOR® who can help map out a strategy that works in today’s market.”

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 $1,054,500 in November 2025, a decrease of 9.1% compared to November 2024.

The benchmark price for single-family homes was $1,268,500, a moderate decrease of 9.8% on a year-over-year basis in November. By comparison, the benchmark price for townhouse/row units was $716,700, falling by 7.8% compared to a year earlier, while the benchmark apartment price was $561,200, a decline of 9.5% from year-ago levels.

The average price of homes sold in November 2025 was $1,204,412, a sharp decrease of 10.1% from November 2024.

The more comprehensive year-to-date average price was $1,232,418, down by 5.2% from the first 11 months of 2024.

The dollar value of all home sales in November 2025 was $484.2 million, a decrease of 14.8% from the same month in 2024.

The number of new listings fell by 10.8% from November 2024. There were 762 new residential listings in November 2025.

New listings were 6.5% above the five-year average and 2.8% above the 10-year average for the month of November.

Active residential listings numbered 1,854 units on the market at the end of November, increasing by 16.4% from the end of November 2024. Active listings haven’t been this high in the month of November in more than 15 years.

Active listings were 50.8% above the five-year average and 56.6% above the 10-year average for the month of November.

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