Sixty-two condo sales in May. One hundred and ninety-two new listings. Thirty-two percent of what came on the market found a buyer. April had forty-nine sales from two hundred and two listings. May had more closings but the ratio barely moved. That's not a recovery. That's a market bouncing along the bottom.

Condo apartments averaged $754,674 in May. Up about $190,000 from April but April was an outlier — only a handful of sales dragged that average down to $565,000. Year over year, condo apartments are still down about $79,000 from May 2025's $833,817. The trend hasn't reversed. One better month doesn't change where prices have been settling.

Condo townhouses held close to flat. $799,930 in May compared to $769,114 in April and $793,719 in May last year. Year over year that's essentially unchanged — less than $7,000 difference. Condo townhouses haven't collapsed the way apartments have, but they haven't recovered either. They're treading water.

Thirty-seven days on market for condos in May. One day faster than April, three days faster than May last year. That's the one number that's actually improved year over year. But thirty-seven days is still over a month on market before going firm. Buyers are still taking their time because the inventory gives them every reason to.

One hundred and ninety-two new condo listings in May on top of whatever carried over unsold from April. May 2025 had eighty-three condo sales from two hundred and eighty listings. May 2026 had sixty-two sales from one hundred and ninety-two listings. Fewer listings this year and still fewer buyers. The inventory is lower but demand hasn't filled the gap. That imbalance isn't new. It's been the established reality of the Oakville condo market for over a year now.