June 2026
June 2026 delivered a set of numbers that tells a more nuanced story than the headline figures suggest. Total residential sales came in at 529 — up 1.9% year over year — marking another rare month of sales growth in a correction that has been grinding through the Hamilton market since 2022. But the sales gain was not evenly distributed. Single family transactions were actually down 4.5% year over year while townhouse and condo sales surged 18.6% — a divergence that points to something more specific happening in Hamilton’s market than a broad-based recovery.
The supply picture also shifted meaningfully in June. Total inventory fell 9.7% year over year to 2,262 active listings — a significant change after more than a year of rising supply. Prices continued to correct, with the overall median falling 9.5% to $665,000. But the affordability index jumped 14.3% year over year to 64 — its highest reading since well before the 2022 peak — and new listings fell 9.2%, suggesting the supply overhang that has defined Hamilton’s buyer’s market is beginning to work itself out.
Here is a straight read of what happened in Hamilton in June 2026.
June 2026 at a Glance — The Key Numbers
Hamilton recorded 529 total residential sales in June 2026, up 1.9% from June 2025. New listings came in at 1,204 — down 9.2% year over year — while total inventory fell to 2,262 active listings, down 9.7% from the same month last year. Months of supply came in at 5.0, down 5.7% year over year — still in buyer’s market territory, but the tightest reading in several months.
The overall median sale price was $665,000 in June, down 9.5% year over year. The average sale price was $749,041, down 9.8%. Homes sold in an average of 38 days — up 15.2% from June 2025, though the year-over-year comparison is partly a function of how quickly homes were moving at this time last year.
The housing affordability index reached 64 in June — up 14.3% year over year — the highest reading in recent memory for Hamilton. An index of 64 means the median household income represents 64% of what is needed to qualify for a median-priced home under current interest rates. That number has been climbing steadily as prices have corrected and mortgage rates have moderated, and it reflects real improvement in the underlying accessibility of Hamilton’s housing market.
Year to date through June, Hamilton has recorded 2,712 total residential sales — down 6.8% from the same period in 2025 — with a year-to-date median of $675,000, down 6.3%, and a year-to-date average of $746,627, down 5.5%.
The Townhouse and Condo Surge — What Is Actually Happening
The most significant story in June’s data is the 18.6% year-over-year jump in townhouse and condo sales. In a month where single family sales were down 4.5%, the non-detached segment recorded 172 transactions — the strongest monthly sales figure for this category in well over a year.
What is driving this? A combination of three factors. First, prices in the townhouse and condo segment have corrected far more aggressively than single family homes — the condo and townhouse median is now $587,750, down 9.6% year over year and down considerably further from the 2022 peak. At those levels, buyers who have been waiting on the sidelines are beginning to move. Second, inventory in this segment has fallen 12.0% year over year — a meaningful tightening that is creating a somewhat more competitive environment for well-priced units than the overall market figures suggest. Third, affordability in the townhouse/condo segment is genuinely compelling right now — the affordability index for this category reached 72 in June, up 12.5% year over year, meaning buyers with reasonable household incomes can actually qualify for a median-priced unit in this segment under current mortgage conditions.
The important caveat: days on market for townhouses and condos rose 23.1% year over year to 48 days. The sales increase is real, but buyers in this segment are still taking their time. They are not being pushed by competition — they are choosing carefully from available inventory at prices that now reflect meaningful value compared to two years ago. Sellers in this category who are priced accurately are finding buyers. Those who are not are still sitting.
June 2026 by Property Type
The data splits cleanly into two distinct market stories depending on the property type.
Single family homes recorded 357 sales in June — down 4.5% year over year — with a median price of $730,000, down 8.8%, and an average of $830,049, down 8.7%. New listings for single family came in at 815, down 9.3% year over year, and inventory fell to 1,450, down 8.4%. Months of supply for single family improved to 4.7, down 6.0% year over year — the tightest it has been in this cycle. Homes sold in an average of 34 days, and sellers received 97.1% of list price on average.
The single family story in June is one of continued price correction paired with tightening supply. Fewer homes are coming to market, fewer are sitting in inventory, and months of supply is improving — but the correction in prices has not yet run its course, with the median and average both down nearly 9% from last year.
Townhouses and condos recorded 172 sales — up 18.6% year over year — with a median of $587,750, down 9.6%, and an average of $580,902, down 7.5%. New listings fell 8.9% to 389, and inventory contracted 12.0% to 812 units. Months of supply held flat at 5.9 months year over year — still elevated, but no longer growing. Days on market averaged 48, up 23.1%, and sellers received 97.1% of list price.
The townhouse and condo segment is absorbing more buyers than it has in months, but at meaningfully lower prices and with longer selling timelines than the sales volume increase alone would suggest.
What the Falling Inventory Means
The 9.7% year-over-year decline in total inventory is the most structurally significant data point in June’s report — more so than the sales gain, and more so than the price figures.
For most of 2024 and the first half of 2025, Hamilton’s inventory was climbing month after month, adding supply to a market where buyer demand was already subdued. That supply accumulation is what drove months of supply above 5 and created the buyer’s market conditions that have persisted throughout the correction. When inventory rises faster than sales, prices fall. That is the arithmetic of the correction Hamilton has been living through.
What June 2026 shows is that this dynamic is reversing. Inventory is down 9.7% year over year. New listings are down 9.2%. Months of supply is falling — not dramatically, but consistently over the past several months. This does not mean the correction is over. Prices are still down meaningfully year over year, and months of supply at 5.0 overall is still in buyer’s market territory. But it does mean the supply overhang that has been the defining feature of Hamilton’s market is beginning to clear.
If new listing volumes continue to moderate through the summer and into fall, and if the sales activity in the townhouse/condo segment holds, months of supply could approach the 4.0 threshold — the boundary of a balanced market — by late 2026. That is not a forecast, but it is a trajectory that the current data supports.
What This Means for Hamilton Buyers
For buyers, June 2026 represents a genuine inflection point — not the end of buyer-favourable conditions, but the beginning of a window that may be narrowing.
Months of supply at 5.0 overall still gives buyers more time, more options, and more negotiating room than they had in 2021 or 2022. Prices are still down meaningfully from their peaks. Affordability at an index of 64 — the best reading in years — means buyers who have been waiting for a more accessible entry point are closer to it now than at any point since before the 2020 surge. The combination of corrected prices and moderating mortgage rates has materially improved what Hamilton buyers can actually afford to buy.
The townhouse and condo segment specifically is worth attention for first-time buyers and investors. With the median now at $587,750, down 9.6% year over year and substantially below the peak, and with inventory contracting 12.0%, the window of deep discount pricing in this segment may be shorter than it appears. The 18.6% jump in sales suggests other buyers are arriving at the same conclusion.
For buyers targeting single family homes, the picture is less urgent — months of supply at 4.7 is tighter than the overall market but still buyer-leaning. Well-priced detached homes in desirable areas are moving; overpriced ones are not.
Browse current MLS listings across Hamilton, Ancaster, Stoney Creek, and Burlington to see what is available at today’s price levels.
What This Means for Hamilton Sellers
For sellers, June’s data contains the first genuinely encouraging signals of the year — but they come with important context.
The inventory decline and the improvement in months of supply are real. Fewer listings are competing for the same pool of buyers compared to a year ago. In the townhouse and condo segment, where inventory fell 12.0%, sellers are operating in a meaningfully less saturated environment than they were six months ago. The 18.6% jump in condo and townhouse sales confirms that buyers are active in that segment when pricing is right.
What has not changed is the pricing discipline required to sell successfully. Sellers received 97.1% of list price in June — which sounds high, but means that accurate initial pricing is essential. Homes that enter the market above current comparable sales still sit, still accumulate days on market, and still sell for less than they would have at the right price from the start. Days on market of 38 overall and 48 for condos and townhouses means buyers are taking their time and they have the inventory to do so.
The most straightforward takeaway for sellers: if you are thinking about listing in Hamilton in the second half of 2026, the supply dynamics are becoming more favourable than they have been in two years. But pricing based on current comparable sales — not what similar homes sold for in 2024 or 2023 — remains the single most important factor in a successful outcome.
Frank’s free home evaluation gives you an accurate read on what your home would realistically sell for in Hamilton’s current market.
Looking Ahead — What June Sets Up for the Second Half of 2026
June 2026 closes the first half of the year with Hamilton’s market showing the clearest signs of rebalancing it has produced in this correction cycle. Inventory is contracting, affordability is improving, and townhouse/condo buyers are returning to the market in numbers. Prices are still correcting year over year, but the rate of correction has moderated from the double-digit declines seen throughout 2025.
The key variables for the second half of 2026: whether the Bank of Canada continues to provide rate relief that translates into buyer qualification improvements; whether new listing volumes continue to moderate through the summer, maintaining the inventory contraction trend; and whether the townhouse and condo sales momentum holds through July and August.
If those factors align, the second half of 2026 could see Hamilton approach balanced market conditions in the single family segment for the first time since 2022 — while the condo and townhouse segment works through its remaining inventory at prices that continue to attract buyers. That would not mean prices are rising. It would mean the correction is finding its floor.
For anyone thinking about buying or selling in Hamilton before year-end, June’s data makes the case for acting on a clear plan rather than waiting indefinitely. The most favourable conditions for buyers may not last as long as the past two years of buyer-leaning data have suggested they would.
Frank Lombardo covers Hamilton, Ancaster, Stoney Creek, Burlington and the surrounding area. If you have questions about what June’s numbers mean for your specific situation, reach out directly.
Call or text: 905-730-2747