Happy Friday! The sun is out, and it’s Game 3 tonight between the Toronto Maple Leafs and the Florida Panthers. The Leafs are up 2-0 in the series after winning the first two games at home. Before the game starts, let’s take a quick look at what’s been happening in our local real estate market this week.
RE/MAX Escarpment/Niagara Appointment Centre: Over the past 30 days, the average number of showings it takes to sell a property is 9.7. A consistent trend we’ve seen recently. This week, there’s been a slight increase in the appointment-to-sold ratio, which suggests that as new listings rise, buyer engagement is strengthening. Despite a slight drop in overall showings, this could be an indication that motivated buyers are returning to the market, likely due to increased inventory or well-priced homes.
Local Market Updates
📍 Burlington: Active listings increased this week, with sales holding steady and even seeing a slight rise. This results in just over 4 months of supply in the market. The trend continues to favour buyers across all property types, with an absorption rate of about 36%. It's a great time for buyers looking to upgrade, with plenty of options available.
📍 Hamilton: Active listings in Hamilton increased, while sales saw a slight decrease, leading to almost 5 months of supply. Hamilton remains a strong buyer’s market, with properties taking a bit longer to sell across most categories. There's still plenty of opportunity for those looking to negotiate.
📍 Oakville: Active listings saw a slight increase this week, while sales remained consistent. As a result, months of supply have risen to nearly 5 months. Similar to Burlington and Hamilton, Oakville continues to favour buyers, with a broad range of inventory available across all property types.
What the HOWELL is Going On? May 9th, 2025 Update
Happy Friday! The sun is out, and it’s Game 3 tonight between the Toronto Maple Leafs and the Florida Panthers. The Leafs are up 2-0 in the series after winning the first two games at home. Before the game starts, let’s take a quick look at what’s been happening in our local real estate market this week.
RE/MAX Escarpment/Niagara Appointment Centre:
Over the past 30 days, the average number of showings it takes to sell a property is 9.7. A consistent trend we’ve seen recently. This week, there’s been a slight increase in the appointment-to-sold ratio, which suggests that as new listings rise, buyer engagement is strengthening. Despite a slight drop in overall showings, this could be an indication that motivated buyers are returning to the market, likely due to increased inventory or well-priced homes.
Local Market Updates
📍 Burlington:
Active listings increased this week, with sales holding steady and even seeing a slight rise. This results in just over 4 months of supply in the market. The trend continues to favour buyers across all property types, with an absorption rate of about 36%. It's a great time for buyers looking to upgrade, with plenty of options available.
📍 Hamilton:
Active listings in Hamilton increased, while sales saw a slight decrease, leading to almost 5 months of supply. Hamilton remains a strong buyer’s market, with properties taking a bit longer to sell across most categories. There's still plenty of opportunity for those looking to negotiate.
📍 Oakville:
Active listings saw a slight increase this week, while sales remained consistent. As a result, months of supply have risen to nearly 5 months. Similar to Burlington and Hamilton, Oakville continues to favour buyers, with a broad range of inventory available across all property types.
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