Increased Supply and Low Demand Pressure Home Prices in Hamilton-Burlington

Market Activity Well Below Typical May Levels, But Shows Improvements Over April

June 2025 | May 2025 Stats

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.

The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS®Systems operate within Ontario, and while none can beguaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.

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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. Talk to your local REALTOR®. Whether you are buying or selling, The Opus Team hase the best tools and systems to help you navigate the market.

 

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