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 382 units in August 2026. This was down by 9% from August 2025.

Home sales were 2.2% below the five-year average and 25.5% below the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 3,176 units over the first eight months of the year. This was a minor decrease of 2.9% from the same period in 2025.

“August home sales came in at roughly the same levels as the previous four years, with demand showing muted signs of activity,” said Heidi Noel, President of the Oakville-Milton and District Real Estate Board. “New listings have dropped sharply since peaking at near-record levels last year and continue trending lower. This has had a net positive effect on our market balance by helping to gradually draw down oversupplied inventories. In other housing news, through the Canada-Ontario Partnership to Build, Ontario and Canada are investing $1 billion in the new Non-Development Charge Municipalities Stream. This will help communities build the infrastructure needed to unlock more housing, reduce costs, and support long-term growth.”

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 $1,044,000 in August 2026, down by 5.7% compared to August 2025.

The benchmark price for single-family homes was $1,245,100, a decrease of 7.2% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $690,800, a moderate decrease of 7.6% compared to a year earlier, while the benchmark apartment price was $541,500, falling by 6.4% from year-ago levels.

The average price of homes sold in August 2026 was $1,152,029, a moderate decrease of 4.7% from August 2025.

The more comprehensive year-to-date average price was $1,237,298, edging down 0.2% from the first eight months of 2025.

The dollar value of all home sales in August 2026 was $440.1 million, a sharp decrease of 13.3% from the same month in 2025.

The number of new listings was down sharply by 30.2% from August 2025. There were 833 new residential listings in August 2026.

New listings were 9.6% below the five-year average and 7.6% below the 10-year average for the month of August.

Active residential listings numbered 1,766 units on the market at the end of August, a substantial decrease of 20.5% from the end of August 2025.

Active listings were 11.9% above the five-year average and 30.1% above the 10-year average for the month of August.

Months of inventory numbered 4.6 at the end of August 2026, down from the 5.3 months recorded at the end of August 2025 and above the long-run average of 3 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.