SALES & INVENTORY OVERVIEW
We have seen an annual decline of price by -5% across the region. All property types were effected with apartments/condos seeing a larger decrease. Sales totaled 8,996 in 2025, making it the lowest year since 2010 and -30% lower then long term averages.
AREA BREAKDOWN
Hamilton, ON
Percentage Change Year/Year: -14%
Average Days on Market: 54.2
Average Price: $663,558
Inventory: 1,611 Home For Sale
Sales: 285 Homes Sold
Stoney Creek, ON
Percentage Change Year/Year: -10.9%
Average Days on Market: 61.3
Average Price: $702,419
Inventory: 262 Homes For Sale
Sales: 34 Homes Sold
Binbrook, ON
Percentage Change Year/Year: -3.5%
Average Days on Market: 52.5
Average Price: $761,877
Inventory: 99 Homes For Sale
Sales: 13 Homes Sold
SUMMARY & EXPERT INSIGHT
8,996 home sales were reported across the region, leading to one of the slowest years in the housing market since 2010. 30 percent below long term averages to be exact. The Canadian economy has greatly impacted our local real estate market, with global uncertainty, job security, immigration grinding to a halt and higher interest rates leading the way for the main factors.
Many Canadians simply can't afford the lifestyle that once was with inflation seen throughout our gas prices, local grocery stores, increasing hydro costs and necessity products for everyday living.
Selling a home is turning from a want to more of a need from what we are seeing with our clients. Many first-time buyers are taking advantage of the lowering home prices with first-time sellers willing to take a small lose on their home to upsize into a bigger home for their family with the more affordable detached home prices.
Currently, buyers have more options and negotiating power. When selling, it is paramount you price correctly, have professional marketing & exposure and higher a local team that knows the area well in order to sell your home confidently in this market.
Sales Representative and Team Leader
RE/MAX Escarpment Realty Inc., Brokerage
The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.