Demand for all housing types high as inventory challenges continue
HAMILTON, October 15, 2021 – According to the Royal LePage House Price Survey released today, the aggregate[1]price of a home in Hamilton increased 19.0 per cent year-over-year to $772,500 in the third quarter of 2021. During that same period, the median price of a single-family detached home increased 18.7 per cent to $806,200 and the median price of a condominium increased 18.1 per cent to $485,000.
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Hamilton, ON (October 4, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB)reported 1,226 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in September 2021. Sales increased two per cent since last month, and they were down nearly 30 per cent since September 2020. New listings increased by 14 per cent since last month and they were down 26 per cent since last September. The average price for residential properties was $881,656 which was an increase of nearly five per cent from last month compared to an increase of 22 per cent from September 2020. The inventory available remained unchanged from August 2021 at 0.8 months of inventory.
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