Halton Hills Housing Update - Ep.265

Welcome to this week's Halton Hills housing update! Today I have November’s numbers, as well as the numbers from the past two weeks. So in November of 2024, we sold 64 units and our average price was $1,023,000. This November we sold 53 units but managed to stay on track with our average price which was $1,011,000. So we’re not that far off in terms of pricing which is great news since this year has been a bit rough. Also 64 versus 53 units - last year there were 184 active listings in November and we’ve been sitting well over 200 this year. So, I’ll take it! Our average price could have easily softened but we lucked out. 

So looking at the past two weeks, sales have been relatively good and steady. In Georgetown we had 17 sales - 7 last week and 10 this week. The good news is that there were only 15 new listings so inventory is down. We still need to see a pretty big decrease in order to have a strong 2026 but we’re getting there. Acton had four sales and two new listings, Glen Williams had two sales and no new listings and the rural market had three sales and one new listing over the past two weeks. So, inventory is down in all of our markets which is great to see. Given the year we’ve had I was a bit worried that we wouldn’t see this trend but it’s happening! Another thing helping inventory soften is that properties are coming off of the market. We had 18 properties exit the market over the past two weeks which is great news! We also had 12 properties re-list. 

Looking at active inventory, we are down significantly from 231 two weeks ago to 204 this week. We are almost under the 200 mark and it would be amazing if we could start the new year around 140-150, with Georgetown sitting around 70. That would be a dream. Our outer markets are seeing inventory drop at a quicker rate than Georgetown but I’m still holding out hope that we can get there. So, Georgetown went from 132 to 120 listings. That’s a huge reduction and I think we will continue to see it go down this month. Looking at our price points, under $800,000 dropped from 26 to 17 listings. The only price point to go up was $800,000 to a million which was 37 to 40 and this was partially because of homes over a million reducing their prices. There are so many good properties for sale in this price point and I really think we are near the bottom of the market. With interest rates improving I really think we are going to have a strong 2026. If you have extra money I would definitely be looking in this price point! One to 1.5 million is down from 53 to 47 and 1.5 million plus remained at 16 this week. Acton dropped from 26 to 23 listings, which is good news because they were sitting between 35 and 40 for months and nothing was moving. Glen Williams is also down significantly for the Glen, from 12 to nine active listings. The big drop this week was the rural market going from 61 to 52 listings. They have had so much inventory all year and not much has sold. We do want to see this number decrease even more but this is a win. The market isn’t giving sellers what they want right now so if you don’t need to sell, come off for a little bit! When we look back to fall 2023, sellers were not getting the prices they wanted and we saw a mass exodus. The following spring, most of the sellers who had listed previously were able to get what they wanted, if not more! So it could be worth waiting. 

Overall, I am happy with these numbers. I think that our pricing held relatively strong year over year compared to where it could have gone given the year we had and how many properties have done price reductions. I think the number of sales is pretty strong, especially since we didn’t even see sales this high in the summer. Buyers are out and that’s a good sign as we move into 2026. We are trending the same way we always do and as we get closer to Christmas, our inventory should continue to decline. I’ll be back next week to see how December is going, have a great week!