Hamilton Market Report · November 2026
Sales were lower than last year and prices declined across all property types, but reduced inventory is helping to keep Hamilton in a balanced market.
Market Balance Index™
45/ 100
Balanced Market
Slightly buyer favoured
Lower sales and prices outweighed tighter inventory, leaving a balanced market that slightly favours buyers.
At a glance
October detached sales fell 5.6% to 304 and the median eased 5.0% to $702,500, with homes selling in 37 days. Townhouse and condo sales fell 12.4% to 120, with a median of $535,000 (down 13.4%) and 48 days on market. Inventory fell in both segments, with 4.4 months of supply for detached and 5.4 for townhouse and condo, helping keep Hamilton balanced.
If you’re buying
The detached median fell 5.0% to $702,500 and the townhouse and condo median fell 13.4% to $535,000, with sales lower in both segments. Inventory also fell (13.2% detached, 17.2% townhouse and condo), so buyers should weigh lower prices against reduced choice.
If you’re selling
Sales were down 5.6% for detached and 12.4% for townhouse and condo, and median prices were lower in both. Reduced inventory is helping support the market, but buyers are watching price closely.
| Median sale price | $702,500 |
|---|---|
| Median price change | −5.0% |
| Sales | 304 |
| Sales change | −5.6% |
| Months of inventory | 4.4 |
| Months of inventory change | −6.4% |
| Average price | $797,303 |
| Average price change | −7.3% |
| New listings | 677 |
| New listings change | −14.0% |
| Inventory | 1,319 |
| Inventory change | −13.2% |
| Days on market | 37 |
| Days-on-market change | −5.7% |
| % of list price received | 96.5% |
| List-price-received change | −0.7% |
| Median sale price | $535,000 |
|---|---|
| Median price change | −13.4% |
| Sales | 120 |
| Sales change | −12.4% |
| Months of inventory | 5.4 |
| Months of inventory change | −6.9% |
| Average price | $536,375 |
| Average price change | −11.5% |
| New listings | 318 |
| New listings change | −18.3% |
| Inventory | 723 |
| Inventory change | −17.2% |
| Days on market | 48 |
| Days-on-market change | −4.3% |
| % of list price received | 97.5% |
| List-price-received change | +0.3% |
Based on October 2026 activity · ITSO data current November 2, 2026 · Bank of Canada policy rate at 2.50% (October 28, 2026) · September 2026 inflation 3.1% year over year · October 2026 unemployment 6.7% · Local data compares October 2026 with October 2025 · Percent changes are calculated using rounded figures
The Smith Dobrowsky Market Balance Index™ scores conditions from 0 (buyer’s market) to 100 (seller’s market) using supply, demand, pricing, competition and momentum.
Hamilton scored 45 out of 100 on the Smith Dobrowsky Market Balance Index™ for October 2026: balanced market, slightly buyer favoured. Lower sales and prices outweighed tighter inventory, leaving a balanced market that slightly favours buyers.
The median detached sale price in Hamilton was $702,500, down 5.0% from a year earlier. The townhouse and condo median was $535,000 (down 13.4%).
In October 2026, detached homes in Hamilton averaged 37 days on market (down 5.7% year over year), and townhouses and condos averaged 48 days (down 4.3%).
City-wide numbers only tell part of the story. Geoff can explain how this month’s market applies to your home, your search or your neighbourhood.