Hamilton Real Estate Market Update – May 2019
1,344 residential MLS properties sold in May 2019 within Hamilton, Burlington, Haldimand and Niagara North.
The real estate market is picking up! Residential property MLS sales have increased by 10.9% since May 2018, 9.6% since April 2019 and a 30.2% increase since March 2019.
The average residential sale price is $593,792 – an increase of 0.9% since May 2018.
Ancaster had the most home sales this year compared to last year.
The areas with the biggest increase in average sale price is Rainham($266,720 to $456,167) West Lincoln($549,488 to $751,250) and Hagersville($366,542 to $449,200).
Cayuga($534,455 to $470,773) and Oneida($667,537 to $605,000) saw the largest decrease in average residential sale price compared to the same time last year.
The average price of Hamilton condo/apartment-style properties increased roughly 20% from $284,735 to $341,785 with 10% fewer listings this year.
The average number of days on market for all property style MLS listings is 27 days.
We are in the middle of a busy spring market for sellers. Prices are remaining stable with manageable increases.
Only a licensed Realtor can give you a clear picture of your local market.
Contact me if you’re thinking of buying or selling so we can discuss your goals.