Courtesy of Chuck Farrauto

SALES AND LISTINGS CONTINUE TO STABILIZE ACROSS ALL AREAS OF HAMILTON

$397,241 apartment DOWN 15.3% year-to-year

$838,645 detached DOWN 3.6% year-to-year

AVERAGE SALE PRICES

$658,805 rowhouse DOWN 8.0% year-to-year

388

SOLD LISTINGS

909 NEW LISTINGS

detached 578

153 137 rowhouse apartment

42.7% SALES TO NEW LISTING RATIO

37 DAYS ON MARKET

4.3 MONTHS OF INVENTORY

1,671 ACTIVE LISTINGS

Inventory levels reached 2,599 units—the highest February inventory total since 2013. This boost in inventory also led to an increase in months of supply, which reached 4.5 months. This is nearly double the supply seen at this time last year, and it’s also the second-highest February total on record. Increased options and the sharp decline in sales put downward pressure on pricing. The regional benchmark price dropped by 3 per cent to $812,600. Statistics reflect market activity in February 2025 | Source: Cornerstone Association of REALTORS ® | Market values stated are of the average of Hamilton and surrounding region. Hamilton includes: Hamilton West, Hamilton East, Hamilton Centre, Hamilton Mountain, Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Hamilton, ON (March 4, 2025) – Sales decreased 35 per cent year-over-year, reaching the lowest total for the month of February since 2009. However, new listings showed a more modest decline of nine per cent, which aligns with the month’s long-term averages. Despite these fluctuations, the market is showing signs of stabilizing and adjusting to long-term trends. “Although the market looks different than what we have experienced the past few years, inventory and benchmark prices reflect a more stable market that is in alignment with long-term trends,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “Buyers and sellers are able to make more thoughtful decisions, which presents a real opportunity to find a great property.”

COMPLIMENTARY MARKET EVALUATION

We now have access to 22 Real Estate Boards in Ontario including Toronto, the largest Real Estate Board on the planet. It only takes a few minutes to do a computer generated ballpark value of your property, or to research valuations in all of these areas. Further, I’m working with associates in the East Coast and British Columbia. If you would like to get an idea of what your property would fetch in this market, don’t hesitate to give us a call. Office: 905-389-3737

Chuck Farrauto Sales Representative chuckfarrauto@realtynetwork.biz

Samantha Lefebvre Sales Representative info@samanthalefebvre.com

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