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 414 units in April 2025. This was a significant decrease of 37.6% from April 2024.

Home sales were 45.2% below the five-year average and 50.6% below the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 1,322 units over the first four months of the year. This was down sharply by 40.9% from the same period in 2024.

“Sales were up for the fourth month in a row in April but they are still a far cry from where they were this time last year, coming in at just half the 10-year average for the month. Meanwhile, new listings kept climbing, outpacing sales by a wide margin,” said Ken Mazurek, President of the Oakville-Milton and District Real Estate Board “That surge pushed overall inventory above the 2,500-home mark for the first time since summer of 2018. With market balance heavily favouring buyers, there are plenty of opportunities out there. Now’s the perfect time to get in touch with a REALTOR® who can help you make the most of the current conditions.”

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 $1,163,400 in April 2025, a sharp decrease of 12% compared to April 2024.

The benchmark price for single-family homes was $1,407,500, down by 10.4% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $793,200, a decrease of 12.8% compared to a year earlier, while the benchmark apartment price was $616,600, a moderate decline of 6.1% from year-ago levels.

The average price of homes sold in April 2025 was $1,304,286, down 4.2% from April 2024.

The more comprehensive year-to-date average price was $1,256,510, a moderate decrease of 5% from the first four months of 2024.

The dollar value of all home sales in April 2025 was $540 million, a substantial reduction of 40.2% from the same month in 2024.

The number of new listings saw a modest decline of 1% (15 listings) from April 2024. There were 1,439 new residential listings in April 2025.

New listings were 3.2% below the five-year average and 5.5% below the 10-year average for the month of April.

Active residential listings numbered 2,573 units on the market at the end of April, up sharply by 42.1% from the end of April 2024. Active listings haven’t been this high in the month of April in more than a decade.

Active listings were 56.8% above the five-year average and 45.1% above the 10-year average for the month of April.

Months of inventory numbered 6.2 at the end of April 2025, up from the 2.7 months recorded at the end of April 2024 and above the long-run average of 2.6 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.