20 Apr 2022
Off

Hamilton House Price Survey – Q1

April 20, 2022 | Comments Closed | , , ,

Seasonal lift in Hamilton inventory welcomed by potential homebuyers after surge in first quarter home price gains

Improved inventory levels offer buyers more choice heading into spring market

HAMILTON, April 19, 2022 – According to the Royal LePage House Price Survey released today, the aggregate price of a home in Hamilton increased 32.4 per cent year-over-year to $946,900 in the first quarter of 2022. During that same period, the median price of a single-family detached home increased 35.6 per cent to $992,500 and the median price of a condominium increased 18.3 per cent to $550,100.

Continue Reading →
03 Apr 2022
Off

Strong listings and sales activity in March

April 3, 2022 | Comments Closed | , , , , , , , , , , , ,
RE0007

Hamilton, ON (April 5, 2022) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,637 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in March 2022. Sales were up by 33.3 per cent month over month, and down by 21.1 per cent compared to March 2021. There were 2,542 new listings in March, which was up 51.7 per cent month over month, but compared to March 2021, there was a decrease of 6.2 per cent. The average sale price for residential properties across the RAHB market area was $1,073,342, which was down 2.7 per cent over the previous month, and up 22.8 per cent compared to March 2021. The inventory of listings remains low at 0.7 months. 

Continue Reading →