Residential sales activity in Hamilton-Burlington slowed in the first quarter of 2025 compared to the first quarter of 2024.
Residential property sales numbered 1,821 units in the first quarter of 2025, down 16.5% compared to the same quarter in 2024.
Sales slowed 13.5% for single detached homes, were down 17% for townhouse and row units, and were down 27% for apartment units compared to a year earlier in the first quarter.
| Summary – Sales by Housing Type | |||
|---|---|---|---|
| Category | Q1-2025 | Q1-2024 | Year-over-year % change |
| Single Detached | 1,165 | 1,347 | -13.5 |
| Townhouse/row | 371 | 447 | -17.0 |
| Apartment | 208 | 285 | -27.0 |
| Summary – Median Price by Housing Type | |||
|---|---|---|---|
| Category | Q1-2025 | Q1-2024 | Year-over-year % change |
| Single Detached | $832,000 | $855,000 | -2.7 |
| Townhouse/row | $688,000 | $729,000 | -5.6 |
| Apartment | $489,500 | $510,000 | -4.0 |
