Halton Hills Housing Update - Ep.280

Welcome to this week's Halton Hills housing update! So, I have May’s numbers to report, along with what happened this week. Let’s get into it! So, looking at May’s overall numbers, we are down compared to last year, but I think we are sitting in a better spot than we have been over the past few months. In May of 2025 we sold 73 units and our average price was $1,162,000. May was only one of two months in 2025 where the average price was over a million dollars, so it was one of our stronger months last year. This May, we sold 69 units, which is down 5%, but a great number when compared to the 30-50 that we’ve been seeing for the majority of this year. Sixty nine sales tells us that we are seeing buyer activity pick up. Our average price this may was only $1,018,000, which is down 12% from last year, but it’s very in line with what we’ve seen for the past 18ish months. We’ve been sitting pretty consistently between one and 1.1 million, with a few odd months outside of that range. So, overall we are down significantly from last year, but we are very on par with what we’ve been seeing for the past year and a half.

So, looking at what happened in Halton Hills this week, Georgetown had 12 sales, which is one of the strongest we’ve had all year. It’s nice to see that number picking up, but unfortunately we had 30 new listings. THIRTY! This is an absolutely massive number and might be one of the biggest numbers we’ve ever seen. When inventory really started piling on last year, we saw 20ish listings each week, so 30 is very bad news for our sellers. Looking at our other markets, Glen Williams had no sales and one new listing. Acton had three sales and five new listings, which is a lot for Acton, and the rural market had one sale and 13 new listings. We saw a ton of new listings in almost all of our markets and inventory has skyrocketed because of it. I was getting excited because we hadn’t seen inventory pile on the way we did last year, but this could be the start of it and it’s very worrisome because if this continues, we will be right back to the mess we had in September of 2025. We did have seven properties that exited the market, but this is not enough to keep inventory at a reasonable level. If you don’t need to sell right now, stay off of the market! It’s a terrible time to sell. We also had 12 properties reduce their price.

So, we are up from 225 to 255 active listings in Halton Hills this week. This is terrible news and we aren’t that far from our peak of 300. If we have another week like last week, we will be there quickly. Georgetown is up from 131 to 146, which isn’t quite near the 170 peak we’ve seen, but we are one more heavy listing week away from it. It feels like the market should be stronger right now, it’s just heartbreaking. So, looking at our price points, under $800,000 is up from 22 to 25. Not a big increase since this pocket is still moving pretty well. Eight hundred thousand to a million is up from 34 to 35 and it’s the same story here. One to 1.5 million is up from 58 to 64 listings and it’s getting really heavy here, especially in Georgetown South. Finally, 1.5 million plus has been sitting pretty low but we are up from 17 to 22 listings. We had quite a few new listings in this price point in Georgetown and the rural market last week and it’s hurting our sellers. Acton is up this week from 30 to 32 listings which is quite high. Glen Williams is up from nine to 10, which is also very high but not the most we've ever seen. Finally, the rural market is up to 67 listings and our all time high was 69, so if you are a seller in the rural market, you are going to need to adjust your pricing accordingly. 

Overall, this wasn’t a great update in terms of week to week numbers, but I am happy with May’s numbers. I’m hoping that we will continue to see buyers be active but we really need new inventory to slow down or else we will be right back to where we were last year. It’s insane just how quickly it can happen. It’ll be interesting to see what happens in June, and again, if you are a seller who doesn’t need to be on the market, it’s definitely one of the worst times to sell so maybe take it off and help us reduce our inventory levels (lol). So, I’ll be back next week, have a great day!