RAHB and TRREB Market Update – Residential March 2025 📈
The latest statistics for March 2025 have been released.
For the third month in a row, home sales in Burlington have slowed, with Q1 sales down 36% compared to this time last year, the slowest start to any year on record. New listings are on the rise, but not as sharply as in surrounding areas. With 155 sales last month, the sales-to-new listings ratio improved to 43%, helping to keep inventory growth in check. Months of supply is holding just above 3, but inventory is still higher than usual for Burlington, putting a bit of downward pressure on home prices.
In Hamilton, March marked the third straight month of slower sales, with year-to-date numbers down 21% compared to last year, making this the slowest Q1 start since 2010. Sales slowed across all regions in the Hamilton market, while new listings continued to climb. In March alone, we saw 1,111 new listings, keeping the sales-to-new listings ratio at a low 40% and pushing inventory levels even higher. With months of supply now at 4.25, buyers are seeing more options than usual for this time of year, and that added choice is keeping prices in check, despite what’s typically a busier spring market.
In Oakville, homeownership became more affordable in March 2025 compared to the previous year, as average home prices declined over the past year. Buyers also have more options, giving them greater negotiating power. While home sales have decreased compared to March 2024, new listings have risen year-over-year.
Stay up-to-date on the latest trends and insights in the real estate market with our Monthly Market Updates.
Source for Data in Graphics: RAHB and TRREB
For more info, contact us at: Clinton Howell Team 📲: 905.537.2246 📧: [email protected]
RAHB and TRREB Market Update – Residential March 2025 📈
The latest statistics for March 2025 have been released.
For the third month in a row, home sales in Burlington have slowed, with Q1 sales down 36% compared to this time last year, the slowest start to any year on record. New listings are on the rise, but not as sharply as in surrounding areas. With 155 sales last month, the sales-to-new listings ratio improved to 43%, helping to keep inventory growth in check. Months of supply is holding just above 3, but inventory is still higher than usual for Burlington, putting a bit of downward pressure on home prices.
In Hamilton, March marked the third straight month of slower sales, with year-to-date numbers down 21% compared to last year, making this the slowest Q1 start since 2010. Sales slowed across all regions in the Hamilton market, while new listings continued to climb. In March alone, we saw 1,111 new listings, keeping the sales-to-new listings ratio at a low 40% and pushing inventory levels even higher. With months of supply now at 4.25, buyers are seeing more options than usual for this time of year, and that added choice is keeping prices in check, despite what’s typically a busier spring market.
In Oakville, homeownership became more affordable in March 2025 compared to the previous year, as average home prices declined over the past year. Buyers also have more options, giving them greater negotiating power. While home sales have decreased compared to March 2024, new listings have risen year-over-year.
Stay up-to-date on the latest trends and insights in the real estate market with our Monthly Market Updates.
Source for Data in Graphics: RAHB and TRREB
For more info, contact us at:
Clinton Howell Team
📲: 905.537.2246
📧: [email protected]
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