Halton Region Housing Market Cools Off,

Presenting Opportunities for Buyers

A Balanced Approach

The Halton Region housing market is starting to cool off, which isn't necessarily a bad thing. After the frenetic pace of the past few years, the market is showing signs of a return to a more balanced state. This presents an opportunity for buyers who have been struggling to compete in the hot market.

Prices Decline Across the Region

Across the Halton Region, prices have seen a year-over-year decline. The largest drop was observed in Milton, where prices decreased by 13%. Other notable price decreases were seen in Burlington (-1.8%), Oakville (-2.4%), and Halton Hills (-5%).

Slowdown in Sales Activity

The slowdown in the market was also evident in sales activity. Milton saw the steepest sales decline at 66%, followed by Burlington (-53%), Halton Hills (-59%), and Oakville (-50%).

Decreased New Listings

New listings were also down, with the exception of Milton, which saw no change. Burlington, Oakville, and Halton Hills all experienced double-digit decreases in new listings, ranging from 13.5% to 22%.

Mixed Picture on Days on Market

The days on market showed a mixed picture, with Burlington (-25%) and Milton (-12%) seeing reductions, Oakville (+9%) experiencing an increase, and Halton Hills remaining flat.

Opportunity for Buyers

The frantic pace of the past few years is finally starting to slow down. For buyers who've been struggling to compete, this could be a great opportunity to start shopping around. If you're ready to get going, give us a call at 647-424-3576.

OAKVILLE

BURLINGTON

MILTON

HALTON HILLS



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