The August 2026 data from the Oakville Milton District Real Estate Board (OMDREB) confirms that the Halton Region housing market ended the summer in firmly balanced territory. While a late-summer slowdown in activity is typical, we are seeing continued year-over-year price adjustments in several segments, paired with a noticeable drop in new listings.
For buyers, the narrative remains highly favorable: stable month-over-month pricing and significant negotiating leverage. For sellers, fewer new listings mean less fresh competition, but buyers are taking their time to make decisions.
President's Outlook
Heidi Noel, President of OMDREB, notes that August's quieter pace is bringing a healthy sense of balance back to the market.
"August was a quieter month, which isn't unusual for the end of summer, but there are some signs that the market is finding a little more balance," says Noel. "Buyers continue to have choice and room to negotiate, while sellers are becoming more realistic about where their homes need to be priced to attract attention."
Noel also provides crucial context regarding the decline in new listings:
"We're seeing properties that didn't sell earlier in the year return to market, often at a different price, so not every new listing represents new inventory. September will give us a much better indication of how many new sellers are entering the market and, just as importantly, whether buyers respond."
August Market Stats
Sales and new listings both slowed compared to a year ago, extending days on market and giving purchasers ample time to negotiate favorable terms.
Single-Family Homes
Average Price: $1,405,216 (Down 0.7% MoM, Down 3.3% YoY)
Sales: 316 transactions (Down 22.5% MoM, Down 10.7% YoY)
New Listings: Declined 21.0% YoY (Down 16.6% Year-to-Date)
Average Days on Market: 36 days (Up from 35 last August)
Negotiation Reality: 81.3% of single-family properties sold below asking price.
Townhouse and Condo Market
Average Price: $753,375 (Unchanged MoM, Down 10.8% YoY)
Sales: Declined 15.5% MoM and 13.7% YoY
New Listings: Fell 28.3% YoY (Down 18.1% Year-to-Date)
Average Days on Market: 41 days (Up from 38 last August)
Negotiation Reality: 88.3% of townhomes and condos sold below asking price.
Local Market Highlights
Market conditions vary considerably across Halton. Oakville saw strong year-to-date transaction growth in the detached segment, while Milton was the only municipality to post a year-over-year price gain for single-family homes.
Oakville Single Family: Price resilience: Average $1.71M (-7.7% YoY), but YTD transactions are up 16.2%.
Oakville Town/Condo: Average price $838,861 (-13.5% YoY); new listings dropped sharply by 44.7% YoY.
Milton Single Family: Average price increased to $1.19M (+1.6% YoY), despite a 4.8% drop in sales.
Milton Town/Condo: Averaged $713,106 (-6.5% YoY), with transactions down 21.2%.
Burlington Single Family: Average price settled at $1.35M (-2.2% YoY), while transactions declined 12.6%.
Burlington Town/Condo: Average price $675,332 (-12.3% YoY); homes are spending an average of 48 days on market.
Halton Hills Single Family: Average price $1.01M (-7.4% YoY), with a notable 31.0% decline in transactions.
Halton Hills Town/Condo: Average price rose to $914,954 (+1.7% YoY), though total volume remains limited.
Strategy for Buyers & Sellers
For Sellers: Realism is Required With 81.3% of single-family homes and 88.3% of condos selling below asking price, the data is clear: overpricing leads to stagnation. While new listings are down significantly year-over-year—meaning less overall competition—buyers are highly price-sensitive. As we move into the fall market, accurately pricing your home from day one is the most reliable way to capture attention.
For Buyers: Maximum Leverage August delivered an incredibly forgiving environment for buyers. If you have been waiting on the sidelines, the current market offers good selection, extended days on market, and the leverage to negotiate aggressively. With month-over-month prices remaining stable, you can shop confidently without the fear of sudden price spikes.
The Bottom Line
The August 2026 report paints a picture of a calm, balanced market wrapping up its summer season. While inventory continues to trend lower, buyers still hold the cards when it comes to negotiations. As we look toward the fall, understanding hyper-local neighborhood trends will be the defining factor in successful real estate transactions.
To read the full Oakville Milton Real Estate Board MLS Stats and Market Report, CLICK HERE.
