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 514 units in June 2025. This was a decline of 12.6% from June 2024.

Home sales were 23.1% below the five-year average and 36.7% below the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 2,404 units over the first six months of the year. This was a significant reduction of 30.4% from the same period in 2024.

“June marked a cooler stretch for our local market, with sales dropping both from last month and year over year – falling well below typical levels for this time of year. In contrast, new listings remained strong, outpacing June 2024 and the seasonal norm,” said Ken Mazurek, President of the Oakville-Milton and District Real Estate Board. “Notably, new listings outnumbered sales by more than 3 to 1, yet overall inventory held steady compared to May. Active listings at the end of June were up year over year and continued to be well above the historical averages. Meanwhile, the MLS® HPI Composite Benchmark Price declined for the third consecutive month, down 2.6% since the end of 2024.”

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 $1,153,000 in June 2025, a decrease of 6% compared to June 2024.

The benchmark price for single-family homes was $1,391,900, a moderate decrease of 6% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $764,200, falling by 6.8% compared to a year earlier, while the benchmark apartment price was $614,800, a decline of 5.6% from year-ago levels.

The average price of homes sold in June 2025 was $1,248,210, a modest decline of 3.2% from June 2024.

The more comprehensive year-to-date average price was $1,260,756, down by 4.4% from the first six months of 2024.

The dollar value of all home sales in June 2025 was $641.6 million, a substantial decrease of 15.4% from the same month in 2024.

The number of new listings saw a small gain of 3.1% from June 2024. There were 1,623 new residential listings in June 2025. This was the largest number of new listings added in the month of June in more than five years.

New listings were 9.9% above the five-year average and 5.2% above the 10-year average for the month of June.

Active residential listings numbered 2,813 units on the market at the end of June, increasing by 19% from the end of June 2024. Active listings haven’t been this high in the month of June in 15 years.

Active listings were 48.7% above the five-year average and 42.3% above the 10-year average for the month of June.

Months of inventory numbered 5.5 at the end of June 2025, up from the 4 months recorded at the end of June 2024 and above the long-run average of 2.7 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.