Hard to believe we’re already halfway through the year! Summer is here, and for our family, it’s a favourite time to slow down, soak up the season, and make space for the moments that matter most.
This year has been big – between launching Casa Dolce and all the excitement that’s come with it, we’ve also celebrated personal milestones. Our youngest is graduating preschool and heading to Kindergarten this fall – both hard to believe and amazing at once!
As we reflect on the year so far, we’re also watching the market closely. Over the past decade of helping families buy and sell, we’ve seen many shifts, but this moment is truly unique. For the first time in years, Hamilton, Niagara, and Burlington are solidly in a buyer’s market, creating real opportunity for those ready to move.
The story is simple: more inventory, fewer competing buyers, and softer pricing – making this possibly the best time in a decade to buy or sell.
In May, Hamilton, Burlington, Niagara North, and Haldimand saw 908 homes sold – a 13% increase from April but still 14% below last year and 37% below a typical May. June slowed to 831 sales, down 6% from last June – the slowest start since 2010.
Inventory is up, with over 2,300 new listings in May. The sales-to-new listings ratio is 40% – anything below 60% signals a buyer’s market. We now have 4-5 months of inventory, a level unseen in decades. Buyers have more options, time, and room to negotiate. Prices have moderated, making it easier for families to upgrade, downsize, or enter the market.
While the condo market has softened significantly (great news for first-time buyers), freehold homes, especially detached and townhomes, remain top picks for families. Prices have dropped here too. The average detached home in Hamilton is around $806K, down 6% from last year. In Burlington, it’s just over $1.1M and also declining.
For anyone dreaming of using real estate to build a lasting legacy for their family, today’s market offers a rare and powerful opportunity to make that vision a reality. With the right guidance and timing, you can position yourself to create wealth and security for generations to come.
If you’re ready to explore what’s possible in this unique market, we’re here to provide the expertise and support you need every step of the way. Let’s connect and turn your real estate goals into lasting success.