In September, Hamilton experienced 12 fewer sales than in the previous month. With 463 sales reported in October, the year-to-date sales declined by eight per cent, marking the slowest level reported since 2010. The number of new listings also slowed, which prevented further increases in inventory levels.

Despite this, the sales-to-new listings ratio stands at 40 per cent, with the months of supply at five months. These conditions continue to favour buyers in the market.
Elevated supply levels have continued to impact prices, causing the unadjusted benchmark price to fall to $700,100. This represents a slight decrease from last month and is over eight per cent lower than last year. The year-over-year declines were most significant for apartment-style homes, which saw a drop of 14 per cent. Meanwhile, sale prices for detached homes eased by seven per cent.

Dundas remains the most balanced market, with three months of supply and a sales-to-new listings ratio of 63 per cent.