Milton's Real Estate Landscape in August 2024

Flowers Team Real Estate • September 6, 2024

August 2024 Real Estate Update: Milton Area Insights

A june market update is displayed on a white background.

According to the latest data from MILTON REALTORS® reported through TRREB’s MLS® System, Milton experienced a slight dip in home sales in August 2024. A total of 131 home sales were recorded, marking a 5.07% decrease compared to the 138 sales in August 2023. However, despite this drop, the market continues to show some resilience.


New Listings See a Modest Increase


While sales dropped, new listings saw a small uptick. In August 2024, 302 new listings were added to the MLS® System, reflecting a 1.34% increase from the same time last year. This growth in listings offers more opportunities for prospective buyers but also contributes to a more balanced market.


Seasonal Adjustments: Comparing August and July 2024


When adjusting for seasonality, August 2024 sales showed a slight increase compared to July, indicating a potential shift towards more stable market activity. However, new listings were down slightly from July, hinting that inventory could tighten in the coming months.

FULL BREAKDOWN
A line graph showing a slope of a line going up and down.

Average Selling Price Trends in Milton


The average selling price in Milton for August 2024 was $1,064,460, representing a decrease of 1.79% compared to August 2023. On a month-over-month basis, the seasonally adjusted average price edged lower compared to July 2024, reflecting a market in transition.


Jason Mercer, TRREB’s Chief Market Analyst, shared insights on what homebuyers can expect in the coming months. "As borrowing costs trend lower over the next year-and-a-half, home buyers will benefit from lower monthly mortgage payments and lower home prices," said Mercer. However, he emphasized that while demand will pick up, particularly in 2025, it will take time for the available inventory to be absorbed, keeping price growth moderate during the initial stages of recovery.


TRREB CEO John DiMichele stressed the importance of focusing on home construction to ensure long-term market stability. He highlighted the need for municipalities to reduce development charges to make housing more affordable. "If people can’t find affordable housing in the GTA or surrounding Greater Golden Horseshoe, they will move elsewhere, and not necessarily to other parts of Ontario or Canada," DiMichele warned, pointing to the critical role housing plays in the region’s economic development.


With fluctuating sales and prices, the Milton real estate market is evolving. Buyers may see opportunities as borrowing costs decline, while sellers should keep an eye on listing inventory and market trends. As the region adapts to economic pressures and demand shifts, maintaining a balanced approach to both buying and selling will be crucial for navigating the months ahead.

At Flower Team Real Estate, we are dedicated to providing unparalleled support and guidance to our clients throughout their homeownership journey. Our team understands the importance of staying informed and empowered in today's ever-evolving real estate landscape. Whether you're a first-time buyer, seasoned investor, or looking to sell your property, we're here to ensure your experience is seamless and rewarding.


For personalized guidance and insights into navigating Milton's real estate market, contact Flowers Team Real Estate at homes@flowersteam.ca. Let us help you achieve your real estate goals with confidence and expertise.


Disclaimer: Insights are based on TRREB's data for August 2024. Market conditions can evolve, and individual circumstances may vary. Consult with a professional real estate agent for personalized guidance.


Flowers Team News

By Flowers Team Real Estate February 13, 2026
Discover the best March Break camps in Milton and surrounding areas for 2026. From STEM and horseback riding to arts and more. Find the perfect camp for your child!
By Flowers Team Real Estate February 13, 2026
From Winterlit at Mountsberg to public skating, snowshoe tours, maple syrup experiences and more—plan your perfect Family Day weekend in Milton and surrounding area.
By Flowers Team Real Estate February 5, 2026
Prices Climb While Inventory Surges to Start the Year The Milton real estate market kicked off 2026 with renewed activity, rising prices, and a significant increase in inventory . While broader GTA forecasts suggest stability amid ongoing affordability pressures, Milton’s January numbers tell a story of resilience and opportunity. Let’s break down what happened in Milton real estate in January 2026 and what it means for buyers and sellers moving forward. Average Home Prices Jump 7.5% Month-Over-Month The average sale price in Milton reached $1,046,516 in January 2026 — a 7.51% increase compared to December 2025. The median sale price also rose to $996,500 , up 6.95% month-over-month, signalling strengthening values across multiple property types. Year-over-year, Milton prices remained steady, with the average price up 0.76% compared to January 2025, showing continued long-term stability despite higher borrowing costs. What this means:  Buyers are still active and willing to compete for well-priced, move-in-ready homes — particularly detached and freehold properties.
Woman with glasses, covering face with hands at a desk, laptop, crumpled tissues.
By Flowers Team Real Estate January 23, 2026
Renting vs buying in Milton, Ontario comes down to real costs, lifestyle priorities, and how long you plan to stay in today’s housing market.
Person calculating with calculator, papers, and miniature house models on desk.
By Flowers Team Real Estate January 23, 2026
Milton, property taxes and homeownership costs include utilities, development charges, closing fees, and long-term maintenance that buyers need to plan for.
By Flowers Team Real Estate January 21, 2026
A Year of Market Reset and Renewed Opportunity The Milton housing market in 2025 told a story of shifting tides, cautious optimism, and improving affordability. As interest rate pressures and economic uncertainty reshaped the real estate landscape across the GTA, Milton followed suit with a cooling in sales activity, a modest price correction, and signs of a more balanced market ahead. Here’s a full look back at how real estate in Milton unfolded through the year — and what it could mean for buyers and sellers as we move into 2026. Home Prices Ease But Remain Resilient Milton’s average home price across all property types in 2025 was $1,019,297, down 4.77% from the $1,070,342 recorded in 2024. This dip marks a reset from pandemic-era price surges, bringing more affordability back into the market — a trend echoed across the Greater Toronto Area. Detached homes saw the highest average of the year at $1,257,060, while semis averaged $970,490, and townhomes came in at $862,104. Condo apartments and condo townhouses remained the most accessible options, averaging $593,200 and $686,507, respectively. Sales Activity Slows in a High-Inventory Environment In total, 1,580 homes were sold in Milton in 2025, with activity peaking in July and tapering off significantly by December — which recorded just 55 sales. This marked a clear slowdown from 2024, when consumer confidence was still relatively strong in the earlier part of the year. By housing type: Detached sales totalled 718 Semi-detached sales: 168 Townhouses: 474 Condo apartments: 146 Condo townhouses: 61 The cooling in demand was not unexpected. As TRREB President Daniel Steinfeld put it: “The GTA housing market became more affordable in 2025... Once households are convinced that the economy and labour market are on a solid footing, sales will increase as pent-up demand is satisfied.” Inventory Rises, Shifting the Balance of Power Milton saw a significant boost in listing activity in 2025, with 6,246 new listings, up 45.8% from 4,285 in 2024. Detached homes led the surge, accounting for 2,141 new listings throughout the year. This influx gave buyers more selection and negotiating power. With the sales-to-new-listing ratio hovering near 0.5 , the market leaned toward balanced to buyer-friendly conditions , especially in the latter half of the year. TRREB’s Jason Mercer emphasized the broader implications: “GTA households must be confident in their employment situation before committing to long-term monthly mortgage payments, even in this more affordable market.”
Red envelope with glitter hearts spilling out.
By Flowers Team Real Estate January 21, 2026
Valentine’s Day events in Milton Ontario for 2026. From romantic dinners and live music to family friendly fun, here is where to celebrate love this February.
By Flowers Team Real Estate January 8, 2026
Home Prices Hold Steady While Sales Cool to End the Year As 2025 wrapped up, Milton’s housing market mirrored broader trends across the Greater Toronto Area (GTA), where economic uncertainty and interest rate pressures continued to shape buyer and seller behaviour. However, improved affordability and stabilized pricing in Milton may be setting the stage for a more active market in 2026. Affordability Improves as Prices Dip Annually The average sale price in Milton for December 2025 settled at $973,454 , marking a modest 0.92% increase month-over-month from November’s $964,583. While prices held steady to close out the year, we saw an 8.93% decline compared to December 2024 , when the average price stood at $1,068,920. This softening in prices aligns with what Toronto Regional Real Estate Board (TRREB) President Daniel Steinfeld observed across the GTA: “The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended lower... Once households are convinced that the economy and labour market are on a solid footing, sales will increase as pent-up demand is satisfied.”
Shadows of sunlight on a white wall and carpet, creating shapes.
By Flowers Team Real Estate December 19, 2025
Milton housing styles range from century homes to modern suburbs and condos. Learn how each neighbourhood’s architecture reflects its era.
Overhead view of a dense forest canopy, varying shades of green, dappled sunlight.
By Flowers Team Real Estate December 19, 2025
Hidden nature gems in Milton include quiet trails, scenic parks, and local outdoor spots. Explore where locals hike, picnic, and unwind year-round.