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 447 units in April 2026. This increased by 3% (13 sales) from April 2025.

Home sales were 13.8% below the five-year average and 28.7% below the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 1,292 units over the first four months of the year. This was a modest decline of 2.6% from the same period in 2025.

“Sales activity was still trending well below average levels in April, and while new listings were above theirs it appears sellers have been gradually stepping back over the past several months,” said Ryan Mayne, President of the Oakville-Milton and District Real Estate Board. “Overall inventories are currently running at some of the highest levels on record, while the market remains firmly in buyer’s territory. Without any movement on the buyer side, it seems that some sellers are deciding to step out of the market and wait until conditions improve in their favour.”

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 $1,041,700 in April 2026, falling by 9.5% compared to April 2025.

The benchmark price for single-family homes was $1,252,700, a sharp decrease of 10.3% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $706,300, down by 9.3% compared to a year earlier, while the benchmark apartment price was $533,600, a substantial decrease of 11.8% from year-ago levels.

The average price of homes sold in April 2026 was $1,369,078, up by 5.7% from April 2025.

The more comprehensive year-to-date average price was $1,237,348, a minor decrease of 1% from the first four months of 2025.

The dollar value of all home sales in April 2026 was $612 million, a moderate gain of 8.8% from the same month in 2025.

The number of new listings saw a substantial decline of 11.7% from April 2025. There were 1,332 new residential listings in April 2026.

New listings were 5.7% above the five-year average and 3.4% above the 10-year average for the month of April.

Active residential listings numbered 2,059 units on the market at the end of April, a sharp decrease of 11.4% from the end of April 2025.

Active listings were 35.6% above the five-year average and 44.5% above the 10-year average for the month of April.

Months of inventory numbered 4.6 at the end of April 2026, down from the 5.4 months recorded at the end of April 2025 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.