As the fall market settles in, both Burlington and Hamilton continue to follow a familiar trend — steady buyer activity, rising inventory, and price adjustments as supply outpaces demand. Here’s a concise look at how October unfolded according to Cornerstone (RAHB) data.
Burlington Market Overview
Burlington remained a balanced, slightly buyer-leaning market in October.
Sales reached 186 units, down 15.1 % year-over-year, while 375 new listings were added (-14.4 % YoY). Inventory rose to 673 active listings, keeping conditions competitive for sellers yet favourable for buyers.
- Sales-to-New Listings Ratio: 50 %
- Months of Supply: 3.6 months
- Average Price: $ 1,028,523 (-5 % YoY)
- Benchmark Price: $ 875,600 (-12.6 % YoY)
- Average Days on Market: 42 days (+47 % YoY)
What this means: Burlington continues to attract steady interest, but slower sales and growing inventory mean buyers have more negotiating power. Detached homes averaged $ 1.28 million, while condo-style apartments saw average prices around $ 723 thousand. Homes that stand out through presentation and realistic pricing remain the most successful.
Hamilton Market Overview
Hamilton also saw a cooler October, with 463 sales, down 17.3 % from last year. New listings (1,170) were down slightly (-3.3 %), leaving total inventory at 2,461 active homes. Supply remains high, sustaining buyer-friendly conditions.
- Sales-to-New Listings Ratio: 40 %
- Months of Supply: 5.3 months
- Average Price: $ 781,277 (-4.5 % YoY)
- Benchmark Price: $ 700,100 (-8.4 % YoY)
- Average Days on Market: 39 days (+8 % YoY)
What this means: Hamilton’s market continues to cool, with detached homes averaging $ 856 thousand (-6 % YoY) and condominiums around $ 466 thousand. Neighbourhoods like Dundas remained more balanced (3 months of supply), while areas such as Stoney Creek and Ancaster saw higher inventory and softer prices. Buyers have more time to shop and negotiate, though properly priced homes still move.
Big Picture
Across the broader Hamilton-Burlington region, 757 homes sold in October (-20.3 % YoY), with 1,778 new listings (-9.5 %) and 3,782 active listings (+8.3 %). The regional benchmark price of $ 747,200 is roughly 9 % lower than last year, while the average price sits at $ 835,783. Inventory has climbed to 5 months of supply, reinforcing a clear shift toward balanced-to-buyer conditions.
Final Thoughts
- For Buyers: This is a welcome window of opportunity — more choice, less pressure, and room to negotiate.
- For Sellers: Strategy matters. Homes that are priced right and showcased beautifully are still getting solid results.
- Looking Ahead: As the year winds down, watch for the impact of recent rate cuts and seasonal demand on buyer confidence.
We are keeping a close eye on every shift in the market to help our clients make confident, well-timed decisions.
If you’re thinking about buying, selling, or simply want to understand what these changes mean for your home’s value, reach out anytime and we’d be happy to walk you through the latest numbers and insights specific to your neighbourhood.