The summer season has officially closed in the Oakville real estate market, and August brought some expected shifts. As a historically slower month for transactions, we saw some downward movement in prices. But what does this mean for you, and how do these trends set the stage for the fall market?
Let's break down the key market data from August 2025.
Oakville Market at a Glance: August 2025 Data
|
Property Type |
Month-over-Month (July → August 2025) |
Year-over-Year (August 2024 → August 2025) |
Absorption Rate |
Market Balance |
|
Detached 1-Storey |
↑ 0.6% |
↓ 7.5% |
16.8% |
Buyer's Market |
|
Detached 2-Storey |
↓ 3.1% |
↓ 2.3% |
16.8% |
Buyer's Market |
|
Townhomes |
↓ 0.5% |
↓ 12.7% |
20.9% |
Buyer's Market |
|
Apartments |
↓ 1.5% |
↓ 9.2% |
12.1% |
Strong Buyer's Market |
What The Numbers Mean for You
The Market is in the Buyer's Favor. The most significant takeaway from this data is the absorption rate. An absorption rate below 20% generally indicates a buyer's market, and we're seeing that across the board for all property types in Oakville. This means that homes are taking longer to sell, and buyers have more negotiating power and a wider selection of properties.
Prices Experienced a Seasonal Dip. While the year-over-year data shows a continued downward trend, the month-over-month price changes are a typical seasonal fluctuation. August often sees a lull as families are on vacation and preparing for the new school year. This is a common and predictable pattern in Oakville real estate.
Looking Ahead to the Fall Market
With summer behind us, we are already seeing the fall real estate market kick into gear. This is traditionally a more active time of year, and there's a key factor that could give the market a boost: mortgage rates.
Encouragingly, interest rates are continuing to trend down, with some mortgage deals now coming in under 4%. This is a huge win for affordability and can encourage more serious buyers to enter the market. A combination of lower rates and a healthy inventory could lead to increased activity in the coming months.
Ready to Navigate the Market?
Whether you're looking to buy or sell in Oakville, understanding these trends is the first step to making a smart decision. Every neighborhood and property is unique, and a one-size-fits-all approach won't work.
If you'd like to discuss how these market trends specifically impact your plans, we're here to help. Reach out to the Martin Group today for a personalized consultation.
