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What the HOWELL is going on? May 15th, 2025 Update
The market may seem quiet, but it's quietly competitive. According to RE/MAX Escarpment/Niagara Appointment Centre data, it took on average, just 8.9 appointments to get a property sold last week, showing that serious buyers are acting fast. The sales-to-new-listings ratio sits at 89% in the RE/MAX Escarpment/RE/MAX Niagara brokerages, drastically outperforming the market, and giving a strong indication of a seller’s market approaching. Although when we look at the board overall, it still reflects a buyer’s market, pointing to a growing gap and a lot of pent-up demand is reason to be bullish. Many buyers are waiting on the sidelines, watching the economy. As trade deals get finalized, tariffs ease, and the stock market shows steady gains, we’re expecting confidence to return and when it does, a surge of buyer activity could follow. Now’s the time to stay informed and be prepared.
Local Market Updates
📍 Burlington:
Active listings in Burlington continue to rise week over week, while sales are holding steady with a slight increase. This dynamic has created approximately 4 months of supply, keeping the market firmly in favour of buyers across all property types. With an absorption rate of 37% and properties typically selling within 3 to 4 weeks, it’s an excellent time for buyers.
📍 Hamilton:
Hamilton experienced a boost in both active listings and sales, bringing market supply to just under 4.5 months. Despite the increased activity, it remains a strong buyer’s market, with homes taking a bit longer to sell across most categories. For those looking to negotiate and find value, the timing is in your favour.
📍 Oakville:
Oakville also saw increases in both inventory and sales, resulting in just under 4 months of supply. Like Burlington and Hamilton, Oakville continues to lean in buyers’ favour, with a diverse range of listings available across all property types, making it a great time to make a move.
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