Home sales, new listings continue to tumble in Hamilton

• By Mike Heddle
• Posted Monday, Mar 16, 2026 8:06 pm

Home sales, new listings continue to tumble in Hamilton

Cornerstone CEO Bill Duce said in a media release that despite a “modest month-over-month” rebound in February, the local housing market remains “constrained by affordability challenges and global economic uncertainty.”

New listings in the region dipped slightly last month, with 1,182 homes hitting the market in February, marking a two per cent drop from January and a nearly 18 per cent tumble from the same time last year.

Duce noted that, despite the drop in new listings, supply levels in the region were up by more than two per cent from last year, offering buyers “more inventory to choose from.”

According to the report, inventory levels sat at three-and-a-half months’ worth of supply — up 17 per cent from last February — which is a measure of how long it would take to sell all the homes on the market in a given month.

The average home price in the Hamilton area was $718,545 last month and marked a more than six per cent decline from February 2024.

The average home in the area had been on the market for 51 days last month, according to the report... [READ MORE]