Halton Hills Housing Update - Ep.267

Welcome to this week's Halton Hills housing update. Today we’re going to look at how the year has started, and honestly it’s not bad! We’re seeing some normal trends. So, in Georgetown this week, we only had four sales which is quite low but very common for the start of the year. The good news is that buyers are out. We also have five properties that are sold conditionally, and two of the new listings from last week are also sold conditionally. Like we talked about last week, a lot of the properties on the market right now are stale and likely won’t be bought up quickly. The new listings however, I feel like those will be getting buyer attention and will likely be busy. So, I guess the bad news for this week is that we had 13 new listings in Georgetown, which is pretty high for the start of January. It could be a sign that inventory that left the market in 2025 is coming back on, but with sales happening now, inventory isn’t doing anything crazy. In Acton this week we had one sale and two new listings. Glen Williams had one sale and one new listing and the rural market had no sales or new listings. Throughout November and December we saw a ton of properties exit the market and that happens every year. The surprising thing for me is that we had five properties exit the market this week. We don’t normally see that happen in January. We also had four properties reduce their price. So nine properties making changes, which is not many compared to the 30-40 we saw before Christmas. I hope we continue to see properties exit the market in the coming weeks because we had a lot of stale listings coming into this year. 

Looking at active inventory, we are up from 131 to 134 listings, which is pretty good for Halton Hills! When we start climbing towards the 200 mark is when we know things are about to spiral but for now we’re going to take this as a win. Georgetown is up from 66 to 71 listings, which means we are starting exactly where I thought we would. I feel really good at 71. If anyone has been watching my updates for years, when we started 2022 in the absolute chaos, there were only 11 listings in Georgetown which is not realistic and we know that first part of the year was crazy. So again, it’s supply and demand. To be at 71 is very on trend with the last two years and what we really need is for buyer activity to pick up. We have been behind on units sold the last few years and it really shows when inventory climbs. So looking at our price points in Georgetown, under $800,000 is up slightly from 10 to 11 listings. Eight hundred thousand to a million is up from 23 to 26. One to 1.5 million is down from 27 to 26 and 1.5 million plus is up slightly to just eight listings. That is quite low for this price point but good for the sellers there. Acton is up from 15 to 16. Glen Williams is up from six to seven and the rural market is down due to some terminations from 44 to 40. 

So, overall I think our numbers are good for the start of January! People are just getting their feet wet in the new year and I think now is a great time to buy if you’re in a position to do so. We have nice interest rates compared to the past few years. There are also some really reasonable prices and when the market bounces back, you’ll be happy. So, this was a good update for the start of January! We’re going to be watching inventory to see if it skyrockets but for now it’s stable. I’ll be back next week, have a great day!