Home sales in Hamilton, Burlington, Haldimand County, and Niagara North improved for the second consecutive month in August, according to the Cornerstone Association of Realtors®. There were 757 home sales across the region. However, this still remains about 30% lower than typical figures for August.
Cornerstone spokesperson, Nicolas von Bredow, says the rise in new listings has created a balanced market where buyers are benefiting from lower home prices. He says he remains “cautiously optimistic” about sustained market recovery due to “ongoing buyer interest.”
The unadjusted benchmark price in the region was $754,000 in August, down about 10% over the same period last year, and continuing the downward trend in pricing we have seen since the second half of 2024.
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Let’s take a closer look at what happened in the local real estate market last month:
Hamilton Market Activity
| Variable | 2025 | Difference |
|---|---|---|
| Sales Activity | 460 | 4.8% |
| New Listings | 1,031 | 7.4% |
| Active Listings | 2,333 | 19.9% |
| Months of Inventory | 5.1 | 14.4% |
| Average Price | $776,381 | -3.6% |
| Median Price | $715,000 | -2.1% |
| Average Days on Market | 37.1 | 7.6% |
Burlington Market Activity
| Variable | 2025 | Difference |
|---|---|---|
| Sales Activity | 187 | 16.1% |
| New Listings | 292 | -3.9% |
| Active Listings | 654 | 16.8% |
| Months of Inventory | 3.5 | 0.5% |
| Average Price | $1,128,578 | -3.6% |
| Median Price | $1,035,000 | 5.1% |
| Average Days on Market | 39.9 | 37.0% |
The real estate market is always changing. Before buying or selling, make sure you’re up-to-date on the latest insights. Read our past market report blogs right here.
Sales Activity
There were 460 residential sales in Hamilton in August, up 4.8% over the same period last year. There were 187 sales in Burlington last month, up 16.1% year-over-year.
New Listings
New listings in Hamilton were up 7.4% over last year, with 1,031 listings coming to market in August. There were 292 new listings in Burlington last month, down 3.9% year-over-year.
Active Listings
Inventory in Hamilton was up 19.9% with 2,333 active listings last month. Inventory in Burlington was up 16.8% year-over-year with 654 active listings.
Months of Supply
Months of supply remain elevated in both Hamilton and Burlington. In general, months of supply can determine what type of market we are currently in. Anything above three months is typically considered to be a “Buyer’s Market.” In Hamilton, there were 5.1 months of supply, up 14.4% over last year. Months of supply in Burlington were up 0.5% year-over-year, with 3.5 months.
Average Days on Market
Average days on market were elevated in both Hamilton and Burlington last month. In Hamilton, there were 37.1 days on market, up 7.6% over August 2024. Burlington saw similar DOM, with 39.9, up 37% over last year.
Average Prices
An increase in new listings that exceeded the number of sales put downward pressure on prices in the area. The average residential price in Hamilton was $776,381 in August, down 3.6% year-over-year. The average residential price in Burlington was $1,128,578 last month, also down 3.6% over last year.
In the News
“Persistent economic uncertainty and a glut of inventory” had an impact on the Toronto real estate market in August. According to the Toronto Regional Real Estate Board (TRREB), the benchmark price of a home in Toronto dipped 0.1% from July at $978,100. It was the ninth consecutive month of price declines.
Prime Minister Mark Carney said Canada and the US will resume negotiations to “resolve issues” in the trade dispute after a “very constructive” discussion with Donald Trump. After meeting with US Commerce Secretary Howard Lutnick, Canadian cabinet minister Dominic LeBlanc said the two countries will “pursue technical discussions” in order to come to a trade agreement in key sectors that would be in the best interest of both countries.
Statistics Canada reported that labour productivity declined 1% in the second quarter of 2025 for the second time in a row. It was also the greatest decline since Q4 2022. This news comes as “trade disputes with the US intensified.” Employment in Canada also unexpectedly fell by 65,500 positions in August, primarily driven by losses in part-time work. According to Statistics Canada, the unemployment rate has now risen to 7.1%.
A Look at What’s to Come
Our Hamilton Tiger-Cats put up a great fight at this year’s Labour Day Classic but came up just short. Still, they’ve been having a fantastic season, and we’re excited to cheer them on.
August was another busy month for our team. In fact, it was the best August in our history at Michael St. Jean Realty. Yes, another record-breaking month in 2025. Our team continues to outperform the market in a major way this year.
Canada still doesn’t have a trade deal in place, and there’s no clear sign of one anytime soon. Recent GDP data came in very weak, the worst since the pandemic. On top of that, we’ve now had two back-to-back bad jobs reports in July and August, unemployment is rising, and wage growth has stalled. Markets are now pricing in a 90% chance of a Bank of Canada rate cut at the September meeting, and some economists are even expecting a second cut at the following meeting.
No matter what’s happening in the news, we expect to see sales activity pick up through September as buyers return to the market and sellers list their homes heading into the final stretch of the 2025 market.
Our team continues to grow at an incredible pace, and it’s proof that who you hire matters. If you’re thinking about selling this fall, give us a call at 1-844-484-SOLD or email us here.
