Oakville Market Stats

July cooled from June but held up against last year. Two hundred forty-eight sales across Oakville while five hundred seventy-five new homes came to market. That's a forty-three percent sales-to-new-listings ratio, up from thirty-five percent last July. Sales are up ten percent year over year while new listings dropped twelve percent. Fewer homes coming on, more of them selling. Months of inventory sits at five, right where it was a year ago. Call it a balanced market that still leans toward buyers.

Freehold did the heavy lifting. One hundred eighty-two freehold sales, up seventeen percent from last July, averaging $1,675,919. That's a six percent price gain on the year. Detached specifically averaged $1,903,938, up nearly seven percent. Townhouses held flat at $1,057,478, almost exactly where they were last July. Freehold homes moved in about thirty-six days.

Condos went the other way. Sixty-four sales averaging $637,950, down five percent from last July, over forty-four days. Condo apartments slipped two and a half percent to $636,627. Condo townhouses dropped nine percent to $667,360. Same town, opposite direction. Freehold buyers are competing again. Condo buyers still aren't.

The overall average landed at $1,412,619, up five and a half percent year over year. That gain is real but it's not evenly spread. Strip it apart and the pattern is clear: detached up seven, townhouses flat, condos down five. The recovery, if that's what this is, has not reached every product type.

Homes sold at ninety-six percent of asking, and days on market crept up to thirty-eight from thirty-three last July. Sellers are getting more traffic than a year ago, but buyers are still negotiating, still comparing, and still walking away from wishful pricing. The market rewards homes priced for July 2026. It keeps ignoring the rest.