Hamilton, ON (December 4, 2025) – In November, a total of 624 homes sold across Hamilton, Burlington, Haldimand County, and Niagara North through the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone).
“We’re seeing a more balanced market right now, which is giving buyers some breathing room after years of intense competition, although sales and new listings are down, this is typical as we enter the winter months. We have inventory that is still higher than long-term trends, creating opportunities for those who have been waiting on the sidelines. Homes are staying on the market longer, giving buyers time to think and negotiate rather than rushing into bidding wars. While sellers may need to adjust their expectations from the peak prices of 2022, homes that are priced right are still selling, and our communities continue to be desirable places to live,”
– Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area.
The number of new listings eased off last year’s levels, bringing the sales-to-new listings ratio to 50 per cent. Inventories, while trending down over the previous month, are still higher than last year’s levels and 68 per cent higher than long-term trends. Year-to-date, the average unadjusted benchmark price was $775,464, nearly five per cent lower than last year.
The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
In November, sales slowed to 414units, down over 15% from last year, which contributed to the year-to-date decline of 9%. Sales continue to be well below long-term trends and amongst the lowest levels reported in over a decade. The number of new listings trended down over the last month and last year’s levels but is relatively consistent with the long-term trends. The pullback in demand is what has caused inventory levels to remain elevated. As of November, the benchmark price was $688,300, eight per cent lower than last year. Year-to-date, the benchmark price has declined by nearly 5 per cent. Prices fell across all property types, with the most significant declines occurring for apartment-style units.
The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
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