Burlington Real Estate Market Update

The Burlington real estate market began 2025 with a cautious tone, as overall sales, new listings, and inventory levels remained below long-term trends. While other parts of the Hamilton-Burlington region, like Haldimand County, saw slight improvements in sales, Burlington experienced a more significant slowdown.

A Cautious Start to the Year

Burlington saw just 112 home sales in January, comparable to 2023 and ranking among the slowest starts on record. At the same time, new listings increased, pushing the sales-to-new-listings ratio down to 41%. With inventory levels rising slightly above long-term trends, particularly in apartment-style homes, the months of supply increased across all property types:

• Row properties: 2.5 months of supply

• Apartment-style homes: Nearly 4 months of supply

This shift has created a more balanced market, giving buyers more options and negotiating power, especially in the condo segment.

Home Prices: A Mixed Picture

Despite slower sales, the overall benchmark home price in Burlington showed some positive growth:

• Detached Homes: $1,340,200 (+7% year-over-year)

• Apartment-Style Condos: $582,800 (-3% year-over-year)

The increased supply of condos has softened prices in this segment, while demand for detached homes remains strong, driving prices up.

Broader Market Trends in Hamilton & Surrounding Areas

Looking at the greater Hamilton-Burlington area, key market trends include:

• Hamilton’s sales dipped 9% from last year, with a 35% increase in new listings. This resulted in 1,497 active listings, the highest for January since 2013.

• The sales-to-new-listings ratio in Hamilton fell to 40%, matching Burlington’s trend.

• Hamilton’s benchmark price sits at $754,200, showing a small improvement from December but still slightly below 2024 levels.

• Apartment-style homes in both cities have seen price declines, primarily due to increased inventory levels.

Looking Ahead: Opportunities in a Changing Market

While 2025 has started with a more measured approach from buyers and sellers, the market remains adaptable. Interest rate cuts have yet to significantly boost mortgage lending, and economic concerns continue to shape consumer confidence. However, rising inventory levels and stabilizing prices present opportunities for buyers to enter the market.

Sellers, particularly those with detached homes, continue to see price growth, making it a strong time to list strategically.

Need Expert Guidance? Let’s Talk!

Whether you’re buying, selling, or just exploring your options, now is a great time to connect with a knowledgeable realtor who understands Burlington’s shifting market.

📩 Contact me, Rachelle the Realtor®, for all your residential real estate needs!

📧 Email: info@rachelletherealtor.ca