Hamilton buyers are STILL winning – November 2025 Real Estate Market update 

By Steve LoPresti, Real Estate Agent in Hamilton

October hit the Hamilton market like that one friend who shows up late to the party and doesn’t bring any snacks. You know the type. Strolls in with that awkward smile, pretending everything’s fine. 

Honestly, this is one of the slowest real estate markets we’ve seen in over a decade. Slowest since 2010. And from where I’m sitting, it doesn’t look like we’re climbing out of this dip anytime soon.

People ask me all the time, how’s the market? And my answer is always the same. Well, it depends. What are you trying to do? Are you a first time buyer in Hamilton watching rates like a hawk? Are you selling your home on the mountain and furious that you missed the peak? Are you hunting for your eighty seventh investment property? (I wish)

The market is always good for someone, and bad for someone else. Very rarely is everyone happy. Over the next few minutes, I’m going to walk you through exactly what’s happening right now with Hamilton Real Estate and give you a couple of insights that’ll help you figure out whether this market is actually good for you.

Sales: 463 in October, down slightly from September

October’s sales count came in soft at 463. And look, that number isn’t just a number. It’s a signal. Sales slipping again means people are hesitating. Buyers are slower to pull the trigger. 

For Buyers:

This is your leverage. When sales slow, sellers get nervous. Nervous sellers get flexible. Flexible sellers give you better deals.

For Sellers:

This is a warning. Priced-right listings still move, but anything even slightly overpriced sits there like a warm beer on the counter. If you want action, you need strategy, not stubbornness.

New Listings Down 3.3%

New listings eased up, which actually prevented the market from overflowing with inventory. Normally, when sales drop, listings spike. But not this time. Sellers are holding back, trying to time the market.

For Buyers:

Fewer listings means you still need to be decisive when you find something good. Leverage doesn’t mean laziness.

For Sellers:

This is the only thing keeping prices from sliding faster. Less competition works in your favour, but only if you price according to today’s conditions.

Sales to New Listings Ratio: 40 percent

Any time that ratio dips under sixty percent, the market leans toward buyers. At forty percent, it is leaning hard.

For Buyers:

This is the cleanest indicator you’re holding the cards. You can negotiate. You can take your time. You can ask for conditions again. Things are looking good.

For Sellers:

Things are not looking good. I am going to continue to beat this dead horse. You HAVE to price your home properly. You will lose money, lots of money, if you don’t. 

Months of Supply: 5 months

This is the amount of time it would take for all the homes currently on the market to sell off, if no new listings were introduced. Five months of supply is classic buyer territory. 

For Buyers:

This means choice. Options. Negotiation room. Peace of mind. 

For Sellers:

Your house has competition. If your listing doesn’t stand out, buyers will simply scroll to the next one. 

Prices

Prices have fallen…again. 

The average price in Hamilton is now sitting at around $781,000, a long drop from the peak in early 2022 when the city’s average price pushed past one million dollars. That is a massive gap.

For Buyers:

This is the discount window you were praying for back in 2021. The city being a couple hundred thousand below peak pricing gives you negotiating power you have not seen in years.

For Sellers:

You are not selling in a million dollar market anymore. You need to price according to the market of today, otherwise buyers will offer according to the market of 10 years ago. 

At the end of the day, this market is not just about buyers winning or sellers struggling. Real estate is never that simple. You might be buying and selling at the same time. You might be upsizing, downsizing, investing, cashing out, or setting up your next move. Every single scenario hits the market differently. And the truth is, all I can do in an article like this is give you the broad strokes so you can understand the big picture. The real decisions happen person to person, situation to situation.

If you want an actual plan tailored to your life, your timeline, your budget, your goals, then reach out to me. We can set up a free consultation, no pressure, no nonsense. Just clarity. I’ll help you figure out what makes the most sense for you, whether that is buying your first home without spending an arm and a leg, or selling your place without losing your shirt.

📩 Text me at (905) 730-4052
📧 Or email contact@stevelopresti.ca

If you want real guidance for your exact situation, I’m here. Just say the word.