What the HOWELL is Going On? April 10th, 2025 Update
In this week’s update, Clinton Howell takes a closer look at the recent shifts in the economy. With the market in constant motion, it’s difficult to predict what will happen next. Yesterday, U.S. President Trump announced a 90-day pause on most tariffs, excluding those on China. Today, the White House clarified that the total tariffs on Chinese imports are now at 145%, higher than the previously reported 125%. The trade war continues to make waves, and while it's uncertain what will come next, we hope these ongoing negotiations will eventually strengthen the economy in the long run.
As we navigate through these uncertain times, the local real estate markets are also feeling the impact. Economic instability has caused many buyers to hold off, waiting for clearer direction before making their move. However, once certainty returns, we can expect a surge of pent-up demand as buyers rush to secure properties after months of waiting. This could lead to increased competition and activity in the coming months.
🏡 Local Market Updates 📍 Burlington: Active listings continue to rise, with a slight increase in sales. As a result, inventory has grown to nearly 4 months of supply. It’s still a strong buyer’s market, with more properties hitting the market than are being sold.
📍 Hamilton: Both active listings and sales have seen an increase in Hamilton. Inventory remains high, with over 4 months of supply. While it's still a buyer’s market, the trend is slowly shifting toward a more balanced one, much like what we're seeing in Burlington.
📍 Oakville: Inventory in Oakville remains elevated but is gradually trending downward week by week. Active listings and sales are both seeing modest increases. The absorption rate indicates that all property types continue to strongly favour buyers.
What the HOWELL is Going On? April 10th, 2025 Update
In this week’s update, Clinton Howell takes a closer look at the recent shifts in the economy. With the market in constant motion, it’s difficult to predict what will happen next. Yesterday, U.S. President Trump announced a 90-day pause on most tariffs, excluding those on China. Today, the White House clarified that the total tariffs on Chinese imports are now at 145%, higher than the previously reported 125%. The trade war continues to make waves, and while it's uncertain what will come next, we hope these ongoing negotiations will eventually strengthen the economy in the long run.
As we navigate through these uncertain times, the local real estate markets are also feeling the impact. Economic instability has caused many buyers to hold off, waiting for clearer direction before making their move. However, once certainty returns, we can expect a surge of pent-up demand as buyers rush to secure properties after months of waiting. This could lead to increased competition and activity in the coming months.
🏡 Local Market Updates
📍 Burlington:
Active listings continue to rise, with a slight increase in sales. As a result, inventory has grown to nearly 4 months of supply. It’s still a strong buyer’s market, with more properties hitting the market than are being sold.
📍 Hamilton:
Both active listings and sales have seen an increase in Hamilton. Inventory remains high, with over 4 months of supply. While it's still a buyer’s market, the trend is slowly shifting toward a more balanced one, much like what we're seeing in Burlington.
📍 Oakville:
Inventory in Oakville remains elevated but is gradually trending downward week by week. Active listings and sales are both seeing modest increases. The absorption rate indicates that all property types continue to strongly favour buyers.
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