As the fall market takes shape, we’re seeing a familiar pattern across both Burlington and Hamilton: steady buyer activity, rising inventory, and softening prices as listings outpace sales. Here’s a quick snapshot of how the month played out according to Cornerstone data.
Burlington Market Overview
Burlington continued to see a balanced but buyer-leaning market in September.
Sales reached 165 units, up 5.1% year-over-year, while new listings climbed 7.2% to 462. That extra supply pushed inventory to 709 homes, giving buyers more room to shop and negotiate.
- Sales-to-New Listings Ratio: 36%
- Months of Supply: 4.3
- Average Price: $1,056,475 (down 7.6% YoY)
- Benchmark Price: $886,800 (down 13.1% YoY)
- Average Days on Market: 36 days
What this means: Burlington remains a high-demand market, but sellers are facing more competition. Homes that are priced strategically and presented beautifully continue to draw attention, while overpricing tends to sit.
Hamilton Market Overview
Hamilton saw modest growth in sales activity, with 475 sales in September, up 7.2% year-over-year. However, with 1,392 new listings (a 2.2% increase), inventory levels rose sharply to 2,487 active listings — keeping conditions favourable for buyers.
- Sales-to-New Listings Ratio: 34%
- Months of Supply: 5.2
- Average Price: $775,745 (down 4.8% YoY)
- Benchmark Price: $703,700 (down 9.1% YoY, up 0.3% month-over-month)
- Average Days on Market: 40 days
What this means: While prices have softened compared to last year, the month-over-month stability in benchmark price suggests the market may be finding its footing. Buyers have time to explore options — but well-priced listings are still moving.
Big Picture
Across the entire Hamilton-Burlington region, 773 homes sold in September (up 2.7% YoY), while new listings climbed to 2,188. The average price dipped to $826,773, down about 5% from last year, and inventory increased 10.5%.
Cornerstone/RAHB notes that while overall prices are below 2024 levels, market activity remains consistent, signaling stability heading into the final quarter of the year.
Final Thoughts
If you’re a buyer, the increase in inventory is welcome news — more choice and more leverage.
If you’re a seller, focus on presentation, pricing, and patience. The right strategy still leads to strong results.
As we move deeper into fall, we’ll be watching how interest rate cuts and seasonal demand shape momentum.