#GoodReads – #JanuaryStats Hamilton-Burlington home sales increased
Hamilton-Burlington home sales increased
Via: Cornerstone Association of Realtors
“…There were 779 home sales recorded via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone) in January 2026, representing a 7.0 per cent decrease month-over-month, and a 21.9 per cent decline year-over-year.
‘As homes stay on the market longer and interest rates stabilize, opportunities for buyers continue to improve. Continued discussions with government leave us hopeful for reductions in development charges and removal of the HST on all new homes to introduce affordability and increase market activity,’ says Bill Duce, CEO of Cornerstone.
Prices are down year over year in the HPI benchmark across Cornerstone areas, except in Norfolk County which experienced a slight year-over-year increase.
‘While prices have fallen over the last year, homeownership continues to be out of reach for young Canadians in their local communities. Further programs to help prospective buyers are needed, and fees that add to the cost of new homes must be removed to improve the market,’ continued Duce.
There were 2,173 new listings added to Cornerstone’s MLS® System last month, a decline of 17.1 per cent year-over-year, and an increase of 113.2 per cent over December 2025. The sharp increase over December is typical due to the seasonal market fluctuations.
The total inventory across Cornerstone’s market areas increased 2.9 per cent over the previous month, and is 20.0 per cent increase year-over-year, resulting in a 3-month supply by the end of January. The number of months of inventory represents the time it would take to sell all current inventories at the current rate of sales.
The average days on the market across all Cornerstone market areas was 54 in January, which is the highest level in over ten years, and 20 days longer than the previous 10-year average for the month…
Hamilton-Burlington January Statistics
‘The Hamilton-Burlington market is showing signs of stability with a slight month-over-month increase in sales despite the year-over-year decline. With homes staying on the market longer and inventory up by over 23% compared to last year, buyers have more options and potentially more negotiating power. The unchanged monthly HPI indicates we may be reaching a pricing plateau after the significant year-over-year adjustments we’ve seen.’ – Bill Duce, Cornerstone CEO
Hamilton-Burlington Area Highlights:
- Hamilton-Burlington home sales increased 0.4% month-over-month.
- The number of newly listed properties increased 119.9% on a month-over-month basis.
- The MLS® Home Price Index (HPI) was unchanged month-over-month and was down 10.0% on a year-over-year basis.
- The supply of inventory across the market increased 23.1% on a year-over-year basis resulting in a 3.2-month supply of all property types by the end January…”
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