The housing market in Mississauga showed subdued sales activity, growing inventory levels, and continued downward pressure on prices for the month of May 2025.
Sales
On a seasonally adjusted basis, sales in May rose by 4.6% compared to April 2025, suggesting a slight rebound in activity month-over-month. However, this uptick did not materially shift the broader trend, and overall sales levels remain subdued. Sales were 30.9% below the five-year average and 39.5% below the ten-year average for the month. Compared to May 2024, sales declined by 20%. On a year-to-date basis, the first five months of 2025 saw 2,134 homes sold, down 20.4% from the same period in the previous year.
Supply and Inventory
New residential listings rose in May 2025, with a 19.3% increase compared to May 2024. These new listings were also 17.3% above the five-year average and 15.6% above the 10-year average for the month. Month-over-month, new listings edged up by 2.0% from April 2025.
Active listings at the end of May 2025 saw an increase of 51.5% compared to the same month last year. Compared to long-term trends, inventory levels were 71.5% above the five-year average and 81.3% above the 10-year average.
Seasonally adjusted figures show active listings rose 5.3% month-over-month from April, further clarifying the trend. The year-to-date average level of active listings was up by 68.4% compared to the first five months of 2024.
In May 2025, months of inventory reached 5.5, up from 2.9 months in May 2024. This figure is also well above the long-term May average of 2.1 months, suggesting a more buyer-friendly environment. The months of inventory measure reflects how long it would take to sell all current listings at the current rate of sales, and rising values typically indicate softening demand relative to supply. Month-over-month, the seasonally adjusted months of inventory ticked down slightly to 6.7 in May from 6.6 in April 2025.
The sales-to-new listings ratio in May 2025 was 27.4%, up slightly from 26.8% in April on a seasonally adjusted basis, but still far below the 41.0% recorded in May 2024. A ratio below 40% tends to indicate buyer-friendly conditions.
Prices
The overall MLS® Home Price Index (HPI) composite benchmark price in Mississauga was $1,037,200 in May 2025.
Compared to May 2024, the benchmark composite price declined by 5.9%. Looking across property types, the benchmark price for single-family homes was $1,312,200, down 7.6% year-over-year. Townhouses declined more moderately by 3% to $805,100, while apartment prices fell 5.8% to $617,200.
Month-over-month, the seasonally adjusted average sale price, which is considered less precise than the MLS® HPI, rose 11.4% from April 2025; however, this increase is not consistent with broader pricing recovery.
Overall, while some month-over-month data points showed slight improvement, such as in sales and prices, year-over-year metrics show elevated inventory levels and slow demand, suggesting shifts to a buyer-favourable environment.