Hi everyone! Welcome to this week's Halton Hills housing update. January is off to a good start! Looking at Georgetown, we had eight sales last week which is a good number. It’s not as high as the 12 we had last week but eight shows that buyers are active. We also have a ton of properties in the sold conditional status, so that’s another indicator that things are moving. We also had 11 new listings last week, which was higher than our sales. Properties are still exiting the market, which is helping inventory stay down. There were a lot of properties that terminated before Christmas that re-entered the market this week and I counted them as new listings since there had been a gap in time between leaving and re-entering. Eleven listings is not a ton compared to the 20+ we saw last year, so I think our market has been decent so far this year. Looking at our other markets, Acton had one sale and no new listings. There were no sales and no new listings in Glen Williams and the rural market had one sale and five new listings. We are still seeing properties making adjustments and coming off of the market. We had one property re-list at the same price, one raise their price (not sure why you’d do this), and eight lowered their price. We also had eight properties that came off of the market so inventory was down again this week. We don’t often see properties terminating in January, that’s more of a December thing, but it’s helping keep inventory at bay. Another thing to note is that of the 10 properties that sold in Halton Hills, seven of them sold for over a million dollars. In January, the far majority of properties have been selling over a million and this isn’t typically the trend. Normally we see far more selling under a million but I think maybe the new mortgage rules are encouraging buyers to look in higher price points.
Looking at active inventory, all of Halton Hills is down from 120 to 119 active listings. This is not a crazy drop, but it’s going in a favourable direction. We’re almost 100 less than we were for the majority of 2024 so were in a much better place and sales are strong. Georgetown is down from 72 to 70 listings which is getting close to scarce territory. It’ll be interesting to see what happens between now and the end of February. So, looking at our price points, under $800,000 remained the same this week at 11 active listings. Eight hundred thousand to a million is up from 14 to 18, which is interesting because this pocket tends to move the most. One to 1.5 million is down from 25 to 22 active listings. There are quite a few in the sold conditional status in this price point. Finally, 1.5 million plus is down from 22 to 19 active listings. Overall, inventory over the one million mark is sitting much lower than we’ve seen before, but buyers are out in this price range and that’s good news for sellers.
Acton is down from nine to eight active listings. There is basically nothing available in Acton right now. This is another shift because we had over 30 listings here just a few months ago. Glen Williams is down this week from six to five active listings which is a normal number for the Glen. The rural market is up from 33 to 36 active listings. I’m hoping the rural market benefits from all of the million plus sales we’ve been seeing.
Overall, this January is not following the scarcity we’ve seen in previous years but it is a softer market in terms of inventory. If we see an interest rate decrease at the end of January, I think buyer confidence will really skyrocket and we’re going to have a strong Q1. I also think we’re seeing some buyers who are hesitating right now and I think they’re going to regret it in a few weeks when the market gets super scarce and bidding wars start again. Now is a really good time to be thinking about buying a property. If you are a seller, start thinking about putting your property on the market, especially if you live in Acton. Inventory is extremely low there. So, I’ll be back next week, have a great week!

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