Sales ran 46% ahead of last July while new listings fell to a four-year low — and an $18.5M sale on Brentwood Road topped it off.
July’s $3.74M average rests largely on two sales — $18.5M on Brentwood Road and $8.3M on Carrington Place; without Brentwood it is $2.92M. The HPI benchmark below is the steadier gauge of underlying value.
A closer read of July’s numbers — and the two sales that moved the averages.
July produced 19 sales — down from June’s 23, as midsummer usually goes, and 46% ahead of last July’s 13. Every month since April has run well ahead of 2025; the year now stands at 134 sales to last year’s 92. Meanwhile only 40 homes came to market, the fewest for a July in at least four years. The supply-and-demand numbers look like a hot market; the pace does not. The average sale took 49 days, the slowest July in four years — demand is recovering from a slow 2025, and buyers remain careful.
The month’s average says less than usual. The $3.74M average was pulled up by two sales — $18.5M on Brentwood Road and $8.3M on Carrington Place; without Brentwood it is $2.92M. The $2.25M median is a better guide to where most sales landed. The sale-to-list ratio held at 93.8%, with sales spanning $1.19M to $18.5M.
Benchmark values barely moved in July: Morrison edged up 0.2% on the month, Old Oakville eased 1.6%, Ford 0.5%. The gaps to last July — 5.3%, 1.4% and 9.1% — opened almost entirely last fall; through 2026 all three lines have held essentially flat.
For the town-wide view, see this month’s Oakville Market Update.
MLS® Home Price Index benchmark prices — not an average of the month’s sales. Versus July 2025: Morrison $3.50M → $3.31M (−5.3%) · Old Oakville $2.55M → $2.51M (−1.4%) · Ford $1.91M → $1.74M (−9.1%).
More sales on fewer listings, and values holding steady. If you’re weighing a fall move, that’s the backdrop.Key insight · July 2026