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 390 units in September 2025. This was a minor decrease of 1% (four sales) from September 2024.

Home sales were 9% below the five-year average and 24.7% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 3,665 units over the first nine months of the year. This was a moderate decrease of 8.1% from the same period in 2024.

“MLS® home sales dipped below 400 for the first time since March and were essentially flat compared with a year ago. The number of newly listed homes in September jumped from August, landing well above what we typically expect for this time of year,” said Ken Mazurek, President of the Oakville-Milton and District Real Estate Board. “Active listings were also quite a bit higher than normal, setting a new all-time high for the number of available homes in any September on record. The MLS® HPI composite benchmark price fell for the fourth consecutive month, remaining below where it ended 2024. In general, market conditions look much the same as they did in August, if a little softer, continuing to favour buyers as they have for most of 2025. To make the most of the opportunities available, we recommend reaching out to a local trusted REALTOR® who can tailor a customized plan to help you find you next home.”

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 $1,102,200 in September 2025, a moderate decrease of 6.8% compared to September 2024.

The benchmark price for single-family homes was $1,330,000, falling by 7.1% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $757,100, a modest decline of 3.4% compared to a year earlier, while the benchmark apartment price was $570,800, down sharply by 10.4% from year-ago levels.

The average price of homes sold in September 2025 was $1,236,889, decreasing by 3.3% from September 2024.

The more comprehensive year-to-date average price was $1,239,860, a decline of 4.6% from the first nine months of 2024.

The dollar value of all home sales in September 2025 was $482.4 million, down by 4.3% from the same month in 2024.

The number of new listings saw an increase of 11.7% from September 2024. There were 1,501 new residential listings in September 2025. This was also the largest number of new listings added in the month of September in history.

New listings were 29.9% above the five-year average and 29.1% above the 10-year average for the month of September.

Active residential listings numbered 2,395 units on the market at the end of September, a sizable gain of 25.4% from the end of September 2024. This was also a new record for active listings in the month of September.

Active listings were 62.2% above the five-year average and 68.2% above the 10-year average for the month of September.

Months of inventory numbered 6.1 at the end of September 2025, up from the 4.8 months recorded at the end of September 2024 and above the long-run average of 3.1 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.