Diego, Karen & Rodrigo Balcazar
RE/MAX Escarpment
https://www.balcazar.caLanguages
English, Spanish
Specialties
Business Opportunities, Buyers, Condominiums, Downsizing, First Time Buyers, First Time Sellers, Investments, Multi-Family, New Builds, New Construction, Relocation, Rentals, Residential, Sellers
Locations
Ancaster, Brantford, Burlington, Caledonia, Dundas, Grimsby, Hamilton, Milton, Niagara Falls, Niagara-on-the-Lake, Oakville, St. Catharines, Stoney Creek, Thorold, Waterdown
Cornerstone Association of REALTORS® RELEASE FEBRUARY 2025 MARKET STATISTICS
Market Aligns with Long-Term Trends in February Sales and Listings Continue to Stabilize Across All Areas Hamilton, ON (March 4, 2025) – Sales decreased 35 per cent year-over-year, reaching the lowest total for the month of February since 2009. However, new listings showed a ...
Mar 07, 2025
Market Aligns with Long-Term Trends in February
Sales and Listings Continue to Stabilize Across All Areas
Hamilton, ON (March 4, 2025) – Sales decreased 35 per cent year-over-year, reaching the lowest total for the month of February since 2009. However, new listings showed a more modest decline of nine per cent, which aligns with the month's long-term averages. While sales slowed across all regions, Burlington experienced the most significant change. However, it will take some time to determine whether this is a trend or a one-off, as Burlington has held steady over the past few years. Despite these fluctuations, the market is showing signs of stabilizing and adjusting to long-term trends.
"Although the market looks different than what we have experienced the past few years, inventory and benchmark prices reflect a more stable market that is in alignment with long-term trends," says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. "Buyers and sellers are able to make more thoughtful decisions, which presents a real opportunity to find a great property."
Compared to the decline in sales, the more modest decrease in new listings has helped inventory levels rebound, increasing by 28 per cent. Inventory levels reached 2,599 units—the highest February inventory total since 2013. This boost in inventory also led to an increase in months of supply, which reached 4.5 months. This is nearly double the supply seen at this time last year, and it's also the second-highest February total on record.
Increased options and the sharp decline in sales put downward pressure on pricing. The regional benchmark price dropped by 3 per cent to $812,600. Unlike in January, prices declined across all property types and regions, with the most significant price decreases experienced in the semi-detached and row sectors. It will take time to determine if this is the calm before a hot spring market or a longer-term trend.
