Oakville Open Houses

With 5.4 months of inventory at the recent three-month sales pace, this is currently a balanced market that leans toward buyers. Only 32 homes sold for every 100 new listings over the last three months, which tips it toward buyers. From August to October 2026, 295 detached homes sold, 242 sellers took their home off the market without relisting and 352 came back at a lower price — a 55% sell-through. Over August to October 2026, homes sold for a median 91.0% of their first asking price, and the median sold price per square foot was down 8.1% from the same months a year earlier.

What we measure, over the last three full months

• Months of inventory: homes for sale today, divided by the average number sold per month. Fewer months means less choice for buyers.
• Sell-through: of the sellers whose listing ended, the share who actually sold. A seller who takes their home off the market and doesn’t list it again within 60 days counts as not selling. A home that comes off and goes back on (often a day later, at a lower price) counts as a price cut, not a seller giving up.
• Sold vs. first asking price: what homes sold for, compared with the price they were first listed at. We follow a home back through any relists, because a relist starts a new MLS® listing and hides the earlier, higher price.
• Sales to new listings: homes sold for every 100 that came on the market. TRREB publishes this as its SNLR. Under 40% favours buyers and over 60% favours sellers.
• Price trend: the median sold price per square foot, compared with the same three months a year earlier.

How the call is made

• Seller’s market: under 3 months of inventory, at least 70% sell-through, and homes selling for 98% or more of their first asking price, or prices up from a year ago while homes sell for at least 96% of it. We also need at least 20 sales in the three months, because a handful of sales can swing the numbers.
• Buyer’s market: over 6 months of inventory, or under 50% sell-through (more sellers giving up than selling).
• Balanced market: everything in between, including low inventory where sellers are cutting prices, relisting or pulling their homes. We say it leans toward buyers when fewer than 40% of new listings sold or inventory is 5 months or more, and toward sellers when more than 60% sold.

Based on MLS® listings from TRREB. Area totals only. We don’t show a call when fewer than 10 homes sold in those three months. Relists are matched by address, so a home relisted under a differently written address counts as taken off the market. Private sales and listings not on MLS® aren’t included. This is a general guide to the area, not an appraisal or advice about a specific home.