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. While sales slowed across all regions, Burlington experienced the most significant change. However, it will take some time to determine whether this is a trend or a one-off, as Burlington has held steady over the past few years.
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,” , 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.”
– Nicolas von Bredow, Cornerstone spokesperson for the HamiltonBurlington market area.
Compared to the decline in sales, the more modest decrease in new listings has helped inventory levels rebound, increasing by 28 per cent. 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.
In February, sales dropped across the Hamilton region, with all areas falling below long-term trends. Months of supply rose in all areas across the region except for Flamborough. Ancaster reported a high of 8.6 months.
February 2025 MARKET REPORT BY PROPERTY TYPE
While sales declined across most property types, semi-detached homes stood out with a stable performance. New listings followed a similar trend, with the detached sector slightly decreasing; meanwhile, semi-detached, row, and apartment properties experienced growth. Inventory levels and months of supply saw notable increases across all sectors compared to 2024. The apartment sector reached ten months of supply, moving further into a buyer’s market. While the rise in inventory contributed to price declines, the apartment sector saw the most significant year- over-year drop, at 6.5 per cent. Despite these shifts, the market offers opportunities, particularly as buyers gain more options and leverage.
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