02/19/2025
📊🏡 January’s market stats are in! (I’m a tad late posting this, I know 😅)
🐢 2025 started slow, with sales, new listings, and inventory levels all trending down below long-term trends. Haldimand saw a small boost in sales, while Burlington had a bigger dip than Hamilton.
🏡 Prices: The benchmark price is $819,500 (up nearly 1% YoY). Detached, semi-detached, and row homes are holding strong, but condo prices have softened.
📈 Inventory: More new listings are hitting the market, pushing months of supply above 4—giving buyers more choice and negotiating power.
💰 Rates & Demand: Interest rate cuts haven’t sparked big changes yet, and with heightened economic risks and uncertainties, buyers are being a bit more cautious.
💬 “While we are seeing some short-term challenges in the market, the rise in inventory and the slight increase in benchmark prices reflect a market that remains adaptable,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington area. “As we move further into 2025, we remain optimistic. Buyers and sellers are taking a more measured approach, but the strength of our housing market, particularly in areas like Haldimand County, shows there are opportunities in every corner of the region.”
Sooo what does this mean for YOU? 🤔
🛒 Buyers: The market is FULL of opportunities to get the right place at a great price, AND you can still include conditions in your offer to protect you. With economists predicting rates to drop more this year, this may not last for much longer! ⌛️
🏷️ Sellers: With so many listings available (and new ones hitting the market every day), buyers have more options than they know what to do with. With competition being so high, competitive pricing and effective marketing is more important than ever to succeed ‼️
If you’re looking to Buy, Sell, Rent or Invest, I’m always happy to chat about your real estate plans! ⬇️
👤 Alex Gunby, REALTOR®
🔸 Gunby Real Estate | REVEL Realty Inc., Brokerage
📲 905.520.8874
✉️ [email protected]