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 467 units in July 2026. This was unchanged from July 2025.

Home sales were 11.8% above the five-year average and 14% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 2,796 units over the first seven months of the year. This was a minor decrease of 1.9% from the same period in 2025.

“Home sales were unchanged on a year-over-year basis at more modest levels compared to most of recent history but still remained above where they stood in July from 2022 to 2024. New listings dropped sharply toward the end of 2025, which has also put overall inventories on a downward trajectory,” said Ryan Mayne, President of the Oakville-Milton and District Real Estate Board. “On another note, the Ontario government has awarded $8.4 million to Milton through its Building Faster Fund. The funding will assist the Town of Milton with delivering more homes and infrastructure and is welcome news for advancing the supply of housing in our region.”

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 $1,057,100 in July 2026, down by 4.6% compared to July 2025.

The benchmark price for single-family homes was $1,262,000, a decrease of 6.2% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $715,900, a moderate decrease of 4.3% compared to a year earlier, while the benchmark apartment price was $543,900, falling by 5.7% from year-ago levels.

The average price of homes sold in July 2026 was $1,199,359, a small gain of 1.9% from July 2025.

The more comprehensive year-to-date average price was $1,249,071, edging up 0.3% from the first seven months of 2025.

The dollar value of all home sales in July 2026 was $560.1 million, a modest gain of 1.9% from the same month in 2025. The dollar volume of all homes sold hasn’t been this high in the month of July in five years.

The number of new listings was down sharply by 18.6% from July 2025. There were 1,083 new residential listings in July 2026.

New listings were 0.9% above the five-year average and 2.6% above the 10-year average for the month of July.

Active residential listings numbered 1,977 units on the market at the end of July, a substantial decrease of 18.7% from the end of July 2025.

Active listings were 16.9% above the five-year average and 32.6% above the 10-year average for the month of July.

Months of inventory numbered 4.2 at the end of July 2026, down from the 5.2 months recorded at the end of July 2025 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.