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Hamilton, ON (June 5, 2025) — In May, 908 units were sold across Hamilton, Burlington, Haldimand County, and Niagara North. Although sales increased by nearly 13 per cent compared to the previous month, they were 14 per cent lower than the same month last year, and 37 per cent lower than typical levels in May.
“Buyers and sellers alike continue to adopt a cautious stance toward the market due to ongoing economic uncertainty and instability. Although the number of sales and new listings improved from April, they remain significantly lower than typical levels,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “However, with fewer sales and an increase in supply, the unadjusted benchmark price has decreased from the previous month and is nearly ten per cent lower than last year’s levels.”
In May, 2,319 new listings were added across the region, maintaining the sales-to-new listings ratio at 40 per cent, which is low enough to drive further inventory gains. Weaker sales activity combined with higher listings increased the months of supply compared to the previous month. The region has not experienced 4.1 months of supply in May since 1998.
Rising supply choices and weak demand continue to weigh on home prices throughout the region. In May, the unadjusted benchmark price was $783,100. Prices trended downwards over the last month in every region within the area, with the largest monthly and year-over-year declines occurring in Burlington.
From Cornerstone
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