Hamilton-Burlington Market Update

📊 A Shifting Landscape: In October, 757 homes sold across Hamilton, Burlington, and surrounding areas—down 20% from last year. While sales activity has slowed, this isn't necessarily bad news. It's creating a more balanced market where both buyers and sellers can make strategic, thoughtful decisions.

💰 Price Adjustments: The average home price sits at $835,783, down about 5% year-over-year. Prices have stabilized compared to the previous month, suggesting we're finding a new equilibrium after the volatility of recent years.

⏱️ Time to Sell Matters: Homes are taking an average of 42 days to sell—up from last year. This means presentation, pricing, and marketing strategy matter more than ever. Well-priced homes in desirable neighbourhoods are still moving within weeks.

🏠 Inventory Levels: With 5 months of supply in the market, we're in what's considered a balanced-to-buyer's market. This gives buyers more options and negotiating power, while sellers need to be strategic to stand out.

💭 My Professional Take: We're in a recalibration phase. After years of rapid appreciation and bidding wars, the market is finding its footing. This is actually healthy—it allows for more rational decision-making on both sides.

For Buyers: You have negotiating power and time to be selective. Interest rates have come down from their peaks, and inventory is available. It's a great time to find the right home without feeling rushed.

For Sellers: Success requires strategy. Pricing right from day one, professional staging, high-quality photography, and targeted marketing are essential. Homes that show well and are priced competitively are still receiving multiple offers.

The bottom line? Whether you're buying or selling, having an experienced local agent who understands the nuances of your specific neighbourhood makes all the difference. From Dundas to Waterdown to Burlington, each micro-market tells its own story—and I'm here to help you navigate yours.