MLS® home sales, new listings come in slightly below average in June
“We’ve been seeing small glimpses of rebounds in sales activity here and there, but nothing sustained. Meanwhile, on the supply side, there’s definitely been a reduction in the number of sellers testing the market since the beginning of the year,” said Bill Duce, CEO of Cornerstone. “Overall inventories are moving sideways at the moment as supply and demand are roughly balanced, a welcome change from the trends over the past two years that saw supply levels rise to their highest since 2009 around the same time last year. In the absence of stronger demand, we’re just looking for a moderation in supply as buyers still haven’t found their footing back in the market.”
Mississauga Area Highlights:
Mississauga sales increased by 8.2% from June 2025.
The number of new listings decreased 11.2% on a year-over-year basis.
The Mississauga Home Price Index (HPI) was $953,400 in June 2026, a decrease of 0.2% month-over-month, and down 7.1% on a year-over-year basis.
The total months of inventory was 4.6 at the end of June 2026, down from 5.5 months at the end of June 2025.
BOARD & ASSOCIATION INFORMATION
Cornerstone Association of REALTORS® (Cornerstone) is a not-for-profit organization with over 325 years of collective service from its founding associations. Established on July 1, 2024, Cornerstone leads with purpose, advocates boldly, and creates positive change for the success of our members throughout Mississauga, Burlington, Hamilton, Waterloo Region, Niagara North, Haldimand County, Norfolk County, and surrounding areas. With nearly 8,000 members, Cornerstone is the second-largest REALTOR® association in Ontario, dedicated to promoting the greater good of the real estate community. More information at https://www.cornerstone.inc/
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(905) 608-6732 Ext. 26
communications@cornerstone.inc
Drew Hemsley
