01/07/2025
Hello Friends!
December 2024 Market Update 📊
As we step into 2025, here’s a quick look at the 2024 housing market in Hamilton-Burlington (stats from Cornerstone® Association of REALTORS®).
While interest rates and economic uncertainty slowed the market at the start of 2024, we saw a positive shift as rates eased towards the end of the year. Total sales for 2024 were 10,086, similar to 2023 but still 27% below long-term trends.
So, what does this mean for YOU?
✅ Opportunity for Buyers: With over 3,000 homes on the market for most of 2024, buyers had more options and can still find great selections. As interest rates improve, now is a great time to take advantage before things heat up.
✅ Price Moderation: While prices dipped by about 1% in 2024, they remain 9% higher than in 2020, and much more stable compared to the pandemic highs. It’s important to view these price adjustments in perspective.
✅ Why Act Now?: More homes were available across all price ranges, including lower-priced homes, giving buyers more negotiating power and choice. The market is stabilizing, so acting now could mean getting a great deal before the competition picks up.
2024 showed us that the market is adjusting—creating more opportunities for homebuyers. If you’ve been waiting for the right time, 2025 may be your year!
📞 Thinking of buying or selling in Hamilton, Brantford, or St. Catharines? Let’s connect and discuss your real estate goals for the year ahead.
☎️ 905-574-7441 (office) 289-778-0130 (cell)
📧 [email protected] / [email protected]
BRIAN SHAW | Sales Representative | Partner
Heddle Real Estate | Royal LePage State Realty
Director - RAHB Board [2023-2025]
987 Rymal Road East, Hamilton, ON, L8W 3M2
heddlerealestate.ca
Specializes in properties in Hamilton and Niagara. Includes property listings, information center and resources.