Halton Hills Housing Update - Ep.274

Welcome to this week's Halton Hills housing update. So, I have March's numbers, which are not great, as well as what has happened the last few weeks in Halton Hills. During my last update, I talked about how I think prices might be softening because we are seeing a ton of houses selling in our lower price points, and not many in our higher ones. That was correct and actually a lot worse than I thought it was going to be. So last year, our average price was $947,000. This year, it is $880,483. This is a really important conversation because in March of 2022 when we were at the peak of the market, our average price was over 1.4 million dollars. Sellers are having a hard time wrapping their heads around how drastically pricing has changed since the peak and this just shows you that we have dropped almost 40% since then. Another thing to note is that the last time we had an average price in the 880 range, it was July of 2020. So in the heart of covid, our average price was between $750,000 and $875,000 between March and July of that year. So it’s been almost six years since we’ve seen pricing like this. It’s shocking to see how far back some things have come but the numbers don’t lie. We’ve been sitting between one and 1.1 million for the last 15ish months so this is a huge drop. Hopefully it’s just a blip but the first week of April wasn’t great either. We also had 58 units sell in March and only 11 of them were over a million dollars. That obviously brought our average price down. We also had five homes sell for under $500,000, which is not even a price point we normally see. In March of 2025 we only had 40 units sell, so we are up in terms of units sold and it does feel like buyers are active, but pricing just isn’t great right now. We also aren’t seeing any sales over two million dollars, so that also doesn’t help our average price. It’s a really good time for sellers to realize that their home really isn’t worth what they think it is anymore. These are real numbers so if you need to sell right now, you need to have a different expectation in terms of what you are going to get because it’s pre-covid levels right now. Think about what your neighbour got six years ago, and put that number in your head. March was a notable month and I’m hoping we start to see higher priced homes sell.

So, I didn’t do an update last week so I’ll be covering the past two weeks today. In Georgetown, for the last week of March we had 10 sales, which is great, but this week we only had four and only one was just over a million dollars. The lower price points are still the strong pockets right now. Acton had four sales two weeks ago and no sales this week. Glen Williams and the rural market both had no sales either week. These markets normally do have higher prices so this isn’t a huge surprise. Looking at active inventory, we are only at 167 units in all of Halton Hills. This is up from 156 two weeks ago, but that’s not a crazy number at all. In Georgetown, we are up from 95 to 97 active listings and we aren’t seeing inventory pile on the same way we did in 2024 and 2025. That being said, we also aren’t seeing the sales we need. So, looking at our price points, under $800,000 is down from 21 to 15 units, which makes sense given that’s where the majority of sales are happening. Eight hundred thousand to a million is down from 28 to 25, and this is relatively low for this pocket. One to 1.5 million has jumped from 34 to 44 active listings and we’re seeing a climb here because there haven’t been many sales. Finally, 1.5 million plus is up from 12 to 13, which is low compared to last year. Glen Williams is up from five to six, the rural market is up from 39 to 46 and Acton is up from 17 to 18 active listings. Not much is moving in Glen Williams or the rural market so if you’re selling a house there, you need to be very aggressive with your pricing because demand is so low. 

Overall, this update wasn’t great. I’m hoping it was a blip, because we have seen them. Last year we had an average price of 1.2 million one month because we had a bunch of homes over two million dollars sell, but that wasn’t accurate to how the market was doing. We’ve also had blips where we’re under $900,000, so I’m hoping that’s just what this month is. Hopefully these sellers are going to move up in terms of pricing so that we see movement in our higher price points. For right now, there isn’t a lot of great news for sellers except for the fact that our inventory isn’t skyrocketing. I think as we move through April we will see more listings, but we shall see! Have a great week!