The May 2026 data from the Oakville Milton District Real Estate Board (OMDREB) reveals a highly resilient Halton Region housing market. Buyer confidence is firmly on the rise, pushing transaction volumes upward across almost all segments compared to both last month and last year.
However, a new trend is emerging as we head into the summer: inventory is beginning to tighten. While demand remains healthy, a significant drop in new listings means competition for prime properties is heating up.
President’s Outlook: Growing Confidence in a Balanced Market
Heidi Noel, President of OMDREB, notes that the steady influx of buyers is creating an encouraging environment for both sides of a transaction.
“May brought encouraging signs across the Halton housing market. We saw sales increase compared to both April and the same time last year, along with higher overall dollar volume, which tells us buyers are becoming more active and confident in their decision-making,” says Noel.
Noel emphasizes that despite the bump in activity, the market retains its composure:
“At the same time, we're continuing to see a balanced market. Buyers have more choice than they have had in recent years, while sellers who price thoughtfully are still achieving successful outcomes. Most homes continue to sell below asking price, but properties are moving at a healthy pace."
The Stats: Sales Climb as Inventory Tightens
The headline story for May is the classic supply-and-demand mismatch. Transaction volumes are enjoying double-digit month-over-month growth, even as new property listings pull back sharply.
Single-Family Homes
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Average Price: $1,556,923 (+5.4% YoY)
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Sales: 408 (+19.1% MoM, +4.0% YoY)
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New Listings: Down 18.0% year-over-year
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Market Tone: Resilient pricing with a strong monthly surge in closed deals.
Townhouse and Condo Market
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Average Price: $804,142 (Down 9.6% YoY)
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Sales: Up 17.8% from April
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New Listings: Down 20.7% year-over-year
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Market Tone: Increased engagement as buyers jump on improved affordability.
Local Market Highlights
Different pockets of the Halton Region are experiencing unique growth bursts. Burlington led the region in annual price growth, while Halton Hills took the crown for raw sales momentum.
| Municipality | Property Type | Market Performance Highlight |
| Oakville | Single Family | Sales surged +24.1% YoY; average price reached $1.90M. |
| Town/Condo | Sales dipped YoY but showed steady improvement MoM. | |
| Milton | Single Family | Sales climbed nearly 15% from April; prices stable at $1.18M. |
| Town/Condo | Sales surged 32.2% YoY, proving high demand for affordable units. | |
| Burlington | Single Family | Prices jumped +12.0% YoY to $1.48M (highest annual appreciation). |
| Town/Condo | Sales rose 27.4% YoY, highlighting deep buyer demand. | |
| Halton Hills | Single Family | Sales skyrocketed 65.6% MoM; Days on Market fell to just 22 days. |
Strategy for Buyers and Sellers
For Sellers: Leverage the Inventory Drop
With new single-family listings down 18.0% and condos down 20.7%, you have significantly less competition than sellers did this time last year. Properties are moving at a healthy pace—especially in hot spots like Halton Hills where homes average just 22 days on the market. If your home is well-prepared and "priced thoughtfully," you are in a fantastic position to attract serious offers.
For Buyers: Attainable Segments Are Moving Fast
While most homes across the region are still selling below asking price, your window of abundant choice is narrowing due to the inventory dip. The townhouse and condo segments are seeing massive transaction growth (+17.8% MoM) because they offer great entry-level value. If you find a property that checks your boxes, be prepared to move decisively.
The Bottom Line
May 2026 demonstrates that the Halton market is steady and active. Buyers have shaken off winter hesitations, and sellers are benefiting from a temporary dip in overall housing supply. This balance is keeping prices stable month-over-month while allowing total transaction numbers to thrive.
