VIP Pre-Construction & Resale - Redefined Realty

📊 May 2025 Market Snapshot: Hamilton & Burlington 🏡⁣
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📍 Hamilton
➡️ 568 homes sold (+11% vs. April)
⬇️ Still 13% below last year & 35% below typical May levels
🏘️ Inventory rising, with 4+ months of supply
📉 Prices trending down as buyers gain more options
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📍 Burlington
🔻 Just 196 homes sold – lowest May sales since 1995
📈 503 new listings, but low sales keep the sales-to-new-listings ratio under 40%
🏷️ Benchmark price: $920,900 (↓ 15% YoY)
📦 Supply up to 3.7 months, adding pressure on prices
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🔍 Both markets are shifting in favour of buyers, with more listings, slower sales, and price adjustments creating new opportunities.