February 2026 real estate update for Oakville, Milton, and Burlington. See home prices, days on market, and what buyers and sellers should expect this spring.
Halton Real Estate Market Update – February 2026
Quick answer:
The Halton real estate market is shifting toward balance. Prices are stabilizing, buyers have negotiating power again, and homes are taking longer to sell compared to last year.
According to the February statistics from the Oakville, Milton and District Real Estate Board, the average Halton home price is $1,444,840, which is down 6.8% year over year but up 3.1% from January.
At the same time:
- 82% of homes sold below asking price
- Average days on market: 35 days
- Sales increased 9% from January
- New listings rose 10% month-to-month
Translation. The market isn’t crashing. It’s normalizing.
And that’s creating opportunities.
The Biggest Story in the Market Right Now
For the first time in years, buyers have negotiating power again.
In February:
- Only 17% of homes sold above asking price
- 82% sold below list price
- Average sale-to-list price ratio was 96.6%
During the pandemic boom, homes were selling well over asking with no conditions.
Today’s market looks very different.
Buyers are:
- Taking time to compare homes
- Including inspection and financing conditions
- Negotiating price and closing dates
For sellers, this doesn’t mean homes aren’t selling. It simply means pricing strategy matters again.
Oakville Real Estate Market Update
Oakville remains the most expensive housing market in Halton, especially for detached homes.
Oakville Single Family Homes
- Average Price: $1,751,327
- Year-over-Year Change: −15.4%
- Sales: 77 homes
- Average Days on Market: 32 days
Detached homes are still moving relatively quickly because Oakville continues to attract:
- executive relocations
- luxury buyers
- families moving from Toronto
Oakville Townhomes and Condos
- Average Price: $822,158
- Year-over-Year Change: −10.9%
- Sales: 73 homes
- Average Days on Market: 41 days
Condos are taking slightly longer to sell as buyers weigh affordability and interest rates.
Milton Real Estate Market Update
Milton continues to attract young families looking for space and newer homes.
Milton Single Family Homes
- Average Price: $1,133,395
- Year-over-Year Change: −3%
- Sales: 46 homes
- Average Days on Market: 28 days
Milton currently has the fastest-moving detached market in Halton.
Why?
- More attainable pricing compared to Oakville
- Strong population growth
- New schools and infrastructure
Milton Townhomes and Condos
- Average Price: $749,098
- Year-over-Year Change: −10.7%
- Sales: 33 homes
- Average Days on Market: 32 days
Townhomes remain the entry point for many first-time buyers in Halton Region.
Burlington Real Estate Market Update
Burlington continues to be one of the most lifestyle-driven markets in the GTA.
The city attracts buyers looking for:
- waterfront living
- walkable neighbourhoods
- easy access to Toronto and Hamilton
Burlington Single Family Homes
- Average Price: $1,420,564
- Year-over-Year Change: +3.3%
- Sales: 61 homes
- Average Days on Market: 43 days
Burlington is the only major Halton market showing year-over-year price growth for detached homes.
Burlington Townhomes and Condos
- Average Price: $722,085
- Year-over-Year Change: −0.7%
- Sales: 61 homes
- Average Days on Market: 59 days
Condos are taking longer to sell here compared to other property types.
Days on Market Comparison
One of the clearest indicators of market conditions is how long homes take to sell.
| City | Detached Homes | Condos/Townhomes |
|---|---|---|
| Oakville | 32 days | 41 days |
| Milton | 28 days | 32 days |
| Burlington | 43 days | 59 days |
What this shows:
- Milton homes are selling the fastest
- Oakville remains a premium market
- Burlington condos are taking longer to move
The Truth Most Market Reports Won’t Say
Here’s the honest truth about the market right now.
The housing market didn’t crash.
It simply returned to normal conditions.
During the pandemic we saw:
- bidding wars on almost every home
- homes selling in days
- buyers waiving all conditions
That environment was never sustainable.
Today’s market is healthier because both buyers and sellers have leverage.
What Buyers Should Do Right Now
This may be the best buying window in several years.
Right now buyers can:
- negotiate price
- include conditions
- avoid bidding wars
- explore more options
Many buyers who stepped back in 2022–2024 are quietly re-entering the market.
What Sellers Need To Understand
Homes are still selling.
But the strategy has changed.
The homes selling quickly today usually have:
- competitive pricing
- professional staging
- strong digital marketing
- exposure across social media and listing platforms
Homes that start overpriced often sit longer and eventually sell for less.
What Could Happen This Spring
Three factors will shape the Spring 2026 market:
- Interest rate decisions
- Inventory levels
- Buyer confidence
If borrowing costs stabilize or drop, demand could return quickly.
And when demand returns in Halton, competition tends to follow.
Bottom Line
The February numbers show a market that’s adjusting, not collapsing.
Buyers now have time to think and negotiate.
Sellers can still achieve great prices with the right strategy.
And as we head into the spring market, things could shift faster than many expect.
