Happy Friday! With the election behind us and the Leafs skating into the weekend after a big win over Ottawa, it’s time to look ahead. Next up: Florida! Let’s keep that momentum going. Now, let’s take a look at what’s happening in our local real estate market this week.
RE/MAX Escarpment/Niagara Appointment Centre: On average, it’s taking just 10.1 appointments to get a property sold. 30–40% of properties are selling within the first month. All local markets remain firmly in buyer’s market territory, meaning more options and negotiating power for buyers right now.
Local Market Updates
📍 Burlington: Active listings increased this week, while sales held relatively steady. As a result, months of supply inched up slightly. The market continues to favour buyers across all property types, with an overall absorption rate of approximately 35%. If you’re looking to buy and sell in the same market, now is a great time. There’s room for negotiation, flexibility with conditions, and opportunities to secure some excellent deals.
📍 Hamilton: Both active listings and sales saw a slight uptick this week, with over 4 months of supply. Hamilton remains a strong buyer’s market across all property categories, giving buyers more negotiating power and choices.
📍 Oakville: Active listings and sales remained consistent week-over-week, and months of supply rose slightly to stay above the 4-month mark. Like Burlington and Hamilton, Oakville continues to lean firmly in favour of buyers, offering a wide range of inventory across all property types.
What the HOWELL is Going On? May 2nd, 2025 Update
Happy Friday! With the election behind us and the Leafs skating into the weekend after a big win over Ottawa, it’s time to look ahead. Next up: Florida! Let’s keep that momentum going. Now, let’s take a look at what’s happening in our local real estate market this week.
RE/MAX Escarpment/Niagara Appointment Centre:
On average, it’s taking just 10.1 appointments to get a property sold. 30–40% of properties are selling within the first month. All local markets remain firmly in buyer’s market territory, meaning more options and negotiating power for buyers right now.
Local Market Updates
📍 Burlington:
Active listings increased this week, while sales held relatively steady. As a result, months of supply inched up slightly. The market continues to favour buyers across all property types, with an overall absorption rate of approximately 35%. If you’re looking to buy and sell in the same market, now is a great time. There’s room for negotiation, flexibility with conditions, and opportunities to secure some excellent deals.
📍 Hamilton:
Both active listings and sales saw a slight uptick this week, with over 4 months of supply. Hamilton remains a strong buyer’s market across all property categories, giving buyers more negotiating power and choices.
📍 Oakville:
Active listings and sales remained consistent week-over-week, and months of supply rose slightly to stay above the 4-month mark. Like Burlington and Hamilton, Oakville continues to lean firmly in favour of buyers, offering a wide range of inventory across all property types.
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