Oakville Real Estate Snapshot: A Buyer's Market Takes Hold in June 2025
The latest data from the Oakville real estate market reveals a significant shift in market dynamics. As of June 2025, conditions are firmly favouring buyers across all major property types. A combination of year-over-year price declines and sluggish absorption rates has created a landscape ripe with opportunity for those looking to purchase a home.
For sellers, this new reality underscores the importance of strategic pricing and understanding the nuanced trends within each segment of the market. Let's break down the key performance indicators for each property type.
2-Storey Detached Homes: A Stable Market with a Buyer's Edge
The 2-storey detached segment has remained relatively stable over the past year, with the MLS® Home Price Index (HPI) seeing a minimal decline of -0.2% since June 2024. However, the more recent trend shows a slight softening, with a -1.0% price drop from May to June 2025.
This stability, coupled with a 17% absorption rate—a figure that is slightly down from the previous month—cements its status as a buyer's market. This indicates that just under two in ten homes listed are selling per month, giving buyers more inventory to choose from and greater negotiating power.
1-Storey Detached Homes: The Biggest Price Adjustments
Buyers looking for single-storey homes will find the most significant price adjustments in their favour. This property type has seen the sharpest month-over-month decline, with the HPI dropping -7.7% in June alone. The year-over-year picture tells a similar story, with prices down -7.3% compared to June 2024.
The absorption rate for 1-storey detached homes is identical to their 2-storey counterparts at 17%, also down slightly from last month. This combination of steep price drops and low sales volume creates a clear buyer's market for those interested in bungalow-style living.
Townhomes: Significant Annual Price Drop
The townhome sector has experienced the largest year-over-year price correction in Oakville, with the HPI falling by a substantial -10.8% since June 2024. The monthly change was more moderate, with a -0.8% dip from May to June 2025. The HPI performance chart clearly illustrates this segment has been on a steady downward trend for the past twelve months.
A persistent buyer's market remains for townhomes, with absorption rates of 22% for freehold and 23.9% for condo townhomes. While slightly more active than the detached market, these rates still indicate that inventory is outpacing sales.
Apartments: A Monthly Anomaly in a Buyer's Market
The apartment segment presents a unique picture. While it saw a considerable -7.5% decrease in its HPI on a year-over-year basis, it was the only segment to post a month-over-month gain, with a slight increase of 0.6% in June.
However, this small monthly uptick should be viewed with caution. The absorption rate for apartments is a very low 12.3%, the lowest of all segments. This signifies a substantial amount of available inventory and confirms that the apartment sector remains firmly in buyer's market territory, despite the minor monthly price increase.
Key Takeaways for Buyers and Sellers
-
For Buyers: This is the most advantageous market you have seen in years. Lower prices compared to last year and high levels of inventory provide you with choice, time, and significant negotiating leverage.
-
For Sellers: The market has spoken. Competitive pricing is no longer just a recommendation; it's a necessity. Understanding the specific dynamics of your property type and neighbourhood is crucial to attracting an offer in a market with abundant choice for buyers.
