Hamilton-Burlington Real Estate Market Update April 2025
Sales in Hamilton, Burlington, Haldimand County, and Niagara North in April amounted to 805 units. This signifies a decrease of 26% in comparison with the prior year and 46% less than regular seasonal trends. With 2,043 new listings, the ratio of sales to new listings is at 39%. This means that the buyers have more choices hence the decision making process takes longer for sellers.
April inventory has reached a four-month supply, which is the highest for that month since 2009. This alteration empowers buyers to the negotiating table, while sellers must prepare and plan on how to present their homes. The original benchmark price is $803,700, a negative change of 1% relative to March and 6% compared to the previous year.
Nicolas von Bredow, a representative of the Cornerstone Association of Realtors® in the Hamilton-Burlington region, observed that uncertainty in the economy and expected federal decisions can lead to a careful market sense.
What this means for home buyers and seller:
Inventory up, prices controlled, buyers stand a better chance to find the right home without the burden of bidding wars. Sellers must ensure that they market their property effectively, price their property at the right level, and partner with skilled agents who can work this slower market.
Source: RAHB
- The data presented in this report comes from the ITSO MLS® System. In Ontario, several MLS® Systems function, and while none can ensure complete coverage of all properties listed or sold in a specific location, they do provide a clear view of market trends.
Source: RAHB
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