Cornerstone Association of REALTORS - Hamilton and Burlington

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.

“The Hamilton-Burlington market is showing signs of stability with a slight month-over-month increase in sales despite the year-over-year decline. With homes staying on the market longer and inventory up by over 23% compared to last year, buyers have more options and potentially more negotiating power. The unchanged monthly HPI indicates we may be reaching a pricing plateau after the significant year-over-year adjustments we’ve seen.” - Bill Duce, Cornerstone CEO

Hamilton-Burlington Area Highlights:

• Hamilton-Burlington home sales increased 0.4% month-over-month.

• The number of newly listed properties increased 119.9% on a month-over-month basis.

• The MLS® Home Price Index (HPI) was unchanged month-over-month and was down 10.0% on a year-over-year basis.

• The supply of inventory across the market increased 23.1% on a year-over-year basis resulting in a 3.2-month supply of all property types by the end January.