Sales ran 11% ahead of last July, new listings kept falling, and the benchmark held steady.
The average close price moves with the mix of homes sold each month. The MLS® HPI benchmark below tracks like-for-like value and is the steadier gauge.
July produced 248 sales across Oakville — down from June’s 287 as summer usually goes, and 11% ahead of last July’s 224. Every month since February has run ahead of 2025, and the year now stands at 1,567 sales to last year’s 1,498. Supply stayed lean: 584 new listings, 12% fewer than last July, with year-to-date listings down 16%.
The pace is still slow. The average sale took 38 days — the slowest July in at least four years: sales are up, but buyers are taking their time and negotiating.
On prices, the average close of $1.40M ran 7.7% ahead of last July — but that reflects the mix of homes sold. The benchmark tells the steadier story: the composite sits 5.1% below last July, a gap that opened almost entirely last fall, and the past three months have held steady at $1.17M–$1.18M. Prices have stabilized.
For a closer look at Old Oakville, Morrison and Ford, see this month’s Southeast Oakville Market Brief.
MLS® Home Price Index benchmark prices for Oakville (OMDREB) — not an average of the month’s sales. Versus July 2025: Composite $1,239,300 · Single family $1,592,200 · Townhouse $766,000. The composite has held steady over the past three months.
Volume up, values steady: sales have led last year every month since February and the benchmark has stabilized. More active than last year, and still steady in pace.Key insight · July 2026