Residential Real Estate Market Report February 2025

The Hamilton Real Estate Market in February 2025, despite the major snowstorms, showed some slight signs of stabilization. Many of the neighbourhoods throughout the Hamilton-Burlington areas had in increase in the year-to-date average sales prices. The overall year-to-date Average Residential Price (including all property types throughout the Hamilton-Burlington areas), however, did decrease by 4.7% since this time last year. (For specific area average prices, please see chart below). Even though new listings dropped by 9% year over year, the inventory of properties currently available for sale jumped by almost 28%. This gives us 4.5 months of supply, which is double the supply seen at this time last year, and it's also the second-highest February total on record.

Sales in January throughout the Hamilton-Burlington Real Estate Board reached 572 units, down 34.9% from last year for the same month. Listings also decreased by 9%, which makes the sales-to-new-listings ratio now 42% (Low end of a Balanced Market), only slightly higher than last month.

February 2025 had 1,375 Total Residential Listings come through the Hamilton Real Estate Board. Hamilton had 909 of those, up 0.4% from February 2024, and Burlington's share was 278 down 17% from the same month last year.

The overall average price for residential properties decreased again this month from last month ($827,523) to $812,600. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek, and Glanbrook) were 38,8 down 24.7% from February 2024, with an average price of $764,838 down 1.8% from the same month last year, however, slightly up from last mont,h which was $757,071. Burlington had 100 Sales, which is down 51.9% from last year, with an average price of $1,065,534, which is down 5.5% from February 2024 and also lower than last month's average of $1,105,285. For ALL Year-To-Date Average Prices, please see the charts below.

The end-of-month listing inventory, which is a good indication of the type of market currently being experienced now sits at 1,671 Active Residential Listings up 37.6% over February 2024, giving Hamilton 4.3 months of supply compared to 4.1 months supply last month. Burlington has 455 Active Residential Listings up 28.5% over the same month last year, giving it 4.55 months of supply compared to 3.27 last month. Overall, the number of Active Listings Available in the entire area covered by The Hamilton Burlington Real Estate Board (now part of Cornerstone) at the end of the month now sits at 2,599 properties for sale, which is 4.5 months supply, compared to 2,037 and 2.32 months of supply one year ago in February 2024, and 2,321 properties for sale with 4.2 months of supply last month in January 2025. The average days on the market is up slightly from last year, going from 34 to 37 days year over year, however, down slightly from last month (49 days), to sell a home in Hamilton. In Burlington it went down from 28 to 24 days year over year and like Hamilton, it went down from last month (42 days).

The Hamilton-Burlington Area is now experiencing a Balanced Market Status, where the ratio of Homes Sold to Homes Listed falls between 40% and 60%, currently sitting at the 42% (4 homes sold for every 10 listed). The is still sitting right on the edge of a Buyers Market, where the ratio is below 40%.

Year-to-date Average Prices For Hamilton

The map below shows the current Year-To-Date Average Residential Prices. When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. If you are thinking of selling your house or condominium, get the most up-to-date. Here are a few other areas that are not listed on the map below.

Burlington - $1,086,534 - Down

Flamborough - $1,262,451 - Up

Waterdown - $1,068,386 - Up

Grimsby - $796,110 - Down

Caledonia - $763,470 - Up

Cayuga - $680,833 - Up

Dunnville - $529,281 - Up

Note that the “Average Sale Price" is based on the total dollar volume of all properties sold through the RAHB MLS® System. Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value.” What that means is, that not every house or condo has increased in price by the same percentage. It is really important to talk to an experienced local REALTOR® to see EXACTLY what is happening in your particular neighbourhood. It is also important to find out what you can do to your house to get the highest amount possible when you are ready to sell!

In this Market, it is important that you know about the houses getting listed immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, you will only know about listings once they are reported to the public sites. If you wait till you see it on Realtor.ca or other sites, it's too late, and is probably already SOLD!

MLS® Property Listings February 2025

Note: Numbers of sales represent sales reports on properties listed on the Multiple Listing Service (MLS®) of the REALTORS® Association of Hamilton-Burlington. The average price is calculated by dividing the total dollar volume of sales (not shown) by the number of sales in that month.