MLS® home sales remain subdued in August
The number of homes sold in Mississauga totaled 426 units in August 2025. This was down by 8.6% from August 2024.
Home sales were 21.2% below the five-year average and 37.4% below the 10-year average for the month of August.
On a year-to-date basis, home sales totaled 3,636 units over the first eight months of the year. This was a substantial decrease of 13% from the same period in 2024.
“Sales activity has shown small signs of moving upward on a monthly basis since bottoming out in early spring but we’re still a way off from any mention of a real recovery,” said Helen Goljak, Cornerstone spokesperson for the Mississauga market area. “Supply levels remain elevated, on par with early 2009, and our market remains in buyer’s territory. Despite an ample selection of listings relative to demand, buyers in our market are still very cautious about returning.”
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $965,300 in August 2025, a decline of 9.6% compared to August 2024.
The benchmark price for single-family homes was $1,218,100, down by 9.9% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $777,700, a decrease of 6.1% compared to a year earlier,
while the benchmark apartment price was $572,600, a big reduction of 11.6% from year-ago levels.
The average price of homes sold in August 2025 was $968,250, a moderate decrease of 7.3% from August 2024.
The more comprehensive year-to-date average price was $1,009,054, decreasing by 5.6% from the first eight months of 2024.
The dollar value of all home sales in August 2025 was $412.5 million, a sharp decrease of 15.3% from the same month in 2024.
The number of new listings was up by 13.6% from August 2024. There were 1,328 new residential listings in August 2025. This was the largest number of new listings added in the month of August in five years.
New listings were 16.8% above the five-year average and 9.4% above the 10-year average for the month of August.
Active residential listings numbered 2,568 units on the market at the end of August, an increase of 27.4% from the end of August 2024. Active listings haven’t been this high in the month of August in more than 15 years.
Active listings were 59.4% above the five-year average and 73.3% above the 10-year average for the month of August.
Months of inventory numbered 6 at the end of August 2025, up from the 4.3 months recorded at the end of August 2024 and above the long-run average of 2.5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Cornerstone Association of REALTORS® (Cornerstone) is a not-for-profit organization with over 325 years of collective service from its founding associations. Established on July 1, 2024, Cornerstone leads with purpose, advocates boldly, and creates positive change for the success of our members throughout Mississauga, Burlington, Hamilton, Waterloo Region, Niagara North, Haldimand County, Norfolk County, and surrounding areas. With nearly 8,000 members, Cornerstone is the second-largest REALTOR® association in Ontario, dedicated to promoting the greater good of the real estate community.
To learn more, visit CORNERSTONE INC.
