📊 Hamilton Market Update – October
October recorded 757 home sales across Hamilton, Burlington, Haldimand County, and Niagara North. While this was only slightly lower than September, activity remained 34% below typical October levels, reflecting ongoing market caution.
🏠 Key takeaways:
• High supply relative to sales continues to place downward pressure on prices
• New listings eased to 1,778, improving the sales-to-new listings ratio to 43%
• Overall supply held steady at five months, keeping the market balanced
• Market conditions vary widely by neighbourhood and property type
💰 Pricing:
The unadjusted benchmark price in October was $747,200, holding steady month-over-month but sitting 9% lower than last year.
Whether buying or selling, understanding your local market matters more than ever. Let’s talk strategy.