“What are you waiting for?” That’s the question posed by our Broker Owner, Conrad Zurini, and it’s a powerful one if you’ve been on the fence about buying a home.
When comparing current market conditions to June 2022, average home prices in key areas like Burlington and Hamilton are still noticeably lower. And with interest rates slightly better than they were then, buyers today are in a much stronger position, especially when it comes to monthly affordability.
Bottom line, prices are down, rates are steady, and opportunities are strong. If you’ve been waiting for the right time to buy or move up, this may be the moment you've been waiting for.
RE/MAX Escarpment & Niagara Appointment Centre:
Appointment Centre data has seen 2 consecutive weeks where sales exceeded new listings, a first in the past 3 years. If this trend continues through July, the Sales-to-Listings ratio could reach approximately 110% by August 2025.
📍 What’s Happening Locally:
Burlington:
This week, Burlington experienced a decline in new listings while sales increased, resulting in approximately 4 months of inventory. The sales-to-new-listings ratio has risen to nearly 49%, indicating the market is still in buyer’s territory but steadily approaching balance (50%).
Hamilton:
New listings increased this week while sales remained steady. With over 5.5 months of inventory and a sales-to-new-listings ratio of 38%, Hamilton continues to reflect conditions typical of a buyer’s market.
Oakville:
Both new listings and sales declined slightly. The market currently holds close to 7 months of inventory, positioning Oakville firmly within buyer’s market conditions.
The market continues to evolve, and for buyers, conditions remain favourable. Whether you're entering the market for the first time or planning your next move, staying informed is key.
📞 Reach out to the Clinton Howell Team today to discuss your options and next steps in today’s market.
2180 Itabashi Way, Unit 4A
