Hamilton Home Sales Jumped In March 2022

Toronto

2022/05/03

The avg sale price of a home in Hamilton was $1.03M in March 2022, while a detached home in the city sold for an avg of $1.1M. The number of properties sold in the Hamilton-Burlington area ↑ 33% MoM in March, to 1,637.The avg sale price of a detached home in Hamilton ↑ 20% YoY, but prices are showing signs of correction as the avg cost ↓ 4% MoM. Also in Hamilton, residential properties sold at an avg of <9 days in March, ↓ from ~12 days YoY. The market continues to have <1-mo of inventory, which means it would take ~20 days to sell all the properties available.