Halton Hills Housing Update - Ep.263

Welcome to this week's Halton Hills housing update! It was a pretty decent week for Halton Hills, not amazing but not bad. So, in Georgetown this week we had nine sales, which isn’t as strong as the past few weeks but it’s better than what we saw in October. The other good news is that new listings are still slowing down. We only had 10 new listings which is of course more than our sales, but not by a lot and it’s still a far cry from the 20-30 that we were seeing per week last month. Acton had two sales and three new listings this week. Glen Williams had one sale and one new listing and the rural market had no sales and four new listings. We’re still seeing new listings but it’s definitely getting better. Something to note though, we’ve been talking about our price points because we’ve seen a weird trend of homes under a million dollars not selling, and only seeing high ticket sales. So seven of the 12 sales this week were under a million dollars. That’s technically half so it’s good to see our lower price points moving again. Another thing to note is that of the 18 new listings, only three of them were under a million dollars which means that we are going to see our higher price points start to feel really saturated. In terms of properties that made adjustments this week, we had 13 properties reduce their price this week and six that came off of the market, which helped our inventory stay at bay this week.

In Halton Hills this week we are down from 257 listings to 254. We had more listings than sales but because of the terminations, our inventory is down. We need to continue to see this into the new year. So, Georgetown is down significantly this week to 145 active listings. The last time inventory was this low was May, so it’s promising to see inventory heading in this direction. Looking at our price points, under $800,000 is up slightly from 29 to 30 active listings. Eight hundred thousand to a million is down from 42 to 38. One to 1.5 million is down slightly from 61 to 60 and 1.5 million plus is down from 20 to 17. So overall our numbers are starting to come down in most of the price points. We still have a ton of properties sitting between $800,000 and a million, but the majority are between one and 1.5 million. Even though we’ve been seeing a lot of sales in this price point, we are also seeing a lot of new listings. 

In Acton this week, we remained the same at 35 listings, which is insanely high for Acton. Glen Williams remained the same at 12, which is also quite high for the Glen and the rural market is up from 59 to 62 listings.

Overall, this was a good week for November. We saw inventory drop and that’s what we need to continue to see over the next seven to eight weeks until we are in 2026. We honestly want to see our inventory cut in half. It would be amazing if we could start next year closer to the 150 mark, and Georgetown sitting around 70-80. Will we get there though? I’m not sure. December is really when we start to see inventory plummet but right now I like the trends we are seeing because new listings have slowed down quite a bit. I will be back next week. Have a great week!