The Hamilton real estate market is following recent trends, characterized by a slowdown in sales and a rise in inventory levels. In August, sales dropped to 690 units, contributing to a 7% decline year-to-date. This slowdown indicates a cooling in the market compared to long-term trends, with sales decreasing across all areas. The increase in inventory means more homes are available, but with fewer buyers, creating a more balanced market. In contrast, Burlington continues to experience the tightest market conditions in the region, resulting in less impact on prices and a more competitive environment for buyers.

New listings have remained steady with long-term trends, although sales have been slower, leading to an increase in inventory levels compared to both last year and historical trends. This rise in inventory has pushed the months of supply to four and a half, the highest for August since 2010. While higher inventory relative to sales has put some downward pressure on home prices, it also presents opportunities for buyers to find more options.

(Cornerstone Association of Realtors, Market Statistics Summary)