Sales rise for the second month in a row

Hamilton, ON (November 5, 2024) – Home sales improved over last month and last year’s levels for the second consecutive month. While October sales are still lower than long-term trends for the month, this represents a significant improvement.

Prices ease as conditions favour the buyer

Hamilton, ON (October 3, 2024) – Following several months of easing sales, September reported a shift in activity as sales rose over last year’s levels. Sales improved across all of the reporting areas within the region and were driven mainly by gains for detached and row homes. Despite the increase in sales, levels remained below long-term trends for the month and did not offset the pullback reported earlier in the year. Year-todate sales are four per cent lower than last year and nearly 28 per cent below long-term trends.

Prices ease, and supply choice improves 

Hamilton, ON (September 3, 2024) – The Hamilton real estate market maintains recent trends, as sales continue to slow and inventory levels rise. August sales slowed to 690 units, contributing to the year-to-date decline of seven per cent. When we compare the market to long-term trends, sales are down across all areas. Burlington continues to report the tightest market conditions in the region. 

Prices soften in July offsetting earlier gains

Hamilton, ON (August 1 2024)–

In July, a total of 804 homes were sold in the Hamilton-Burlington area via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone), contributing to a year-to-date decline of six per cent. While year-to-date sales declined across the entire Hamilton-Burlington market area, Niagara North July levels were comparable to the same time last year. 

Sales in June continued declining compared to the previous month and the same period last year. With 835 sales recorded this month, they remain below long-term averages and are consistent with the lower figures observed in recent years. This slowdown in sales is evident across all property types and in every area within the region.

PRICES TREND UP OVER LAST MONTH, BUT REMAIN BELOW LAST YEARS LEVELS

Hamilton, ON (May 1 2024)–

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,041 sales in April, seven per cent fewer than in 2023 and well below long-term trends for the month of April. Despite the pullback in sales over the past two months, year-to-date sales are comparable to those recorded in 2023. Apartment home sales reported a modest decline compared to 2023, which was offset by rising sales for semi-detached and row-style units.

BENCHMARK PRICES TREND UP ACROSS ALL REGIONS

Hamilton, ON (April 2, 2024)–

Sales in March reached 996 units, nearly six per cent lower than last year’s levels. The decline in March sales was not enough to offset the gains reported over the first two months of 2024. However, first-quarter sales in the region remain below long-term trends for the year.

RE-SALE PRICES REALTIVELY STABLE

Hamilton, ON (March 1, 2024)–

February sales reached 839 units, a modest gain compared to last year.While the leap year provided an additional day of activity, it did not impact Haldimand County, where sales activity slowed compared to the previous year. However, substantial gains were reported in Niagara North and Burlington, offsetting the pullbacks in Haldimand. Year-to-date sales are nine per cent higher than last but 16 per cent below long-term trends.

PRICES EASED FROM 2022 RECORD HIGH

Hamilton, ON (Jan 2, 2024) –

For the second year in a row, the REALTORS® Association of Hamilton-Burlington (RAHB) reported a decline in residential sales. In 2023, sales were 11 per cent lower than the previous year and nearly 30 per cent below long-term trends for the region.