Courtesy of Chuck Farrauto

MARKET ACTIVITY WELL BELOW TYPICAL MAY LEVELS, BUTSHOWS IMPROVEMENTS OVER APRIL

$525,540 apartment DOWN 7.6% year-to-year

$941,208 detached DOWN 7.6% year-to-year

AVERAGE SALE PRICES

$731,780 rowhouse DOWN 2.8% year-to-year

908

SOLD LISTINGS

2,319 NEW LISTINGS

detached 1,504

412 289 rowhouse apartment

39.2% SALES TO NEW LISTING RATIO

40 DAYS ON MARKET

4.12 MONTHS OF INVENTORY

3,740 ACTIVE LISTINGS

In May, 2,319 new listings were added across the region, maintaining the sales-to-new listings ratio at 40 per cent, which is low enough to drive further inventory gains. Weaker sales activity combined with higher listings increased the months of supply compared to the previous month. The region has not experienced 4.1 months of supply in May since 1998. Rising supply choices and weak demand continue to weigh on home prices throughout the region. In May, the unadjusted benchmark price was $783,100.

Hamilton, ON (June 5, 2025) – In May, 908 units were sold across Hamilton, Burlington, Haldimand County, and Niagara North. Although sales increased by nearly 13 per cent compared to the previous month, they were 14 per cent lower than the same month last year, and 37 per cent lower than typical levels in May. “Buyers and sellers alike continue to adopt a cautious stance toward the market due to ongoing economic uncertainty and instability. Although the number of sales and new listings improved from April, they remain significantly lower than typical levels,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “However, with fewer sales and an increase in supply, the unadjusted benchmark price has decreased from the previous month and is nearly ten per cent lower than last year’s levels.”

Statistics reflect market activity in May 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.

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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