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 356 units in March 2026. This was up by 5.3% from March 2025.

Home sales were 30.1% below the five-year average and 46.7% below the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 848 units over the first three months of the year. This was a decrease of 4.9% from the same period in 2025.

“Home sales were up marginally compared to last year at the same time but remain well below long-term averages for the month of March. Meanwhile, new listings are also declining from recent near-record levels, helping to bring down overall supply,” said Heidi Noel, President of the Oakville-Milton and District Real Estate Board. “The federal and provincial governments have signed a partnership to cut development charges by up to 50% for the next three years. This is intended to lower the soft costs for developers in high-growth areas like North Oakville, potentially making new builds more affordable for buyers.”

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 $1,035,200 in March 2026, down sharply by 11.1% compared to March 2025.

The benchmark price for single-family homes was $1,245,100, a substantial decrease of 12.2% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $708,200, a moderate decrease of 8.8% compared to a year earlier, while the benchmark apartment price was $533,300, a substantial decline of 11.8% from year-ago levels.

The average price of homes sold in March 2026 was $1,148,923, a moderate decrease of 5.5% from March 2025.

The more comprehensive year-to-date average price was $1,170,041, decreasing by 4.7% from the first three months of 2025.

The dollar value of all home sales in March 2026 was $409 million, down only 0.5% from the same month in 2025.

The number of new listings was down sharply by 20.3% from March 2025. There were 1,110 new residential listings in March 2026.

New listings were 5.1% below the five-year average and 12.1% below the 10-year average for the month of March.

Active residential listings numbered 1,782 units on the market at the end of March, a substantial decrease of 12.6% from the end of March 2025.

Active listings were 35.5% above the five-year average and 44.7% above the 10-year average for the month of March.

Months of inventory numbered 5 at the end of March 2026, down from the 6 months recorded at the end of March 2025 and above the long-run average of 2.4 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.