Hamilton-Burlington Region Housing Statistics
Hamilton-Burlington January Statistics
"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.
Monthly Average Sales Price By Region
Hamilton-Burlington Year-to-Date Average Sale Price Across Communities
Hamilton-Burlington Monthly Indicators
Links to Burlington and Hamilton Monthly Indicators will be posted on the 5th of each month.
Hamilton-Burlington Historic Statistical Releases
The statistics provided are based on information from the ITSO MLS® System of which Cornerstone is a proud founding member. 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. Cornerstone cautions that these statistics can help identify long-term trends but should not indicate that specific properties have increased or decreased in value. Those requiring specific information on property values should contact a REALTOR®. REALTORS® have their fingers on the pulse of the market and have access to more comprehensive tools and analytics. They know the questions to ask, the areas to probe and what to look for to get a complete picture of the property and community you're considering.