Saturday 24 February 2018

Market Snapshot: February 11-17, 2018

Local MLS® Sales Data
All Hamilton Real Estate Districts Combined*

Total Sales: 127
Average Price:
Median Price: $468,700
Avg Days On Market: 30
Sales volume remains tepid, but not unusually so for the time of year. 
Average and median sale prices drew back a bit, both dropping below $500k.  The fluctuation is typical for a week-to-week comparison though.
Time on market dropped somewhat significantly below normal this week.  It might be just be weekly fluctuation, or could be an early indication of the spring market starting to kick in.  If it continues to drop or stay below normal for a few weeks, the latter is more likely.
Average price varies by district. Call to discuss sales data for your specific area, or for a sale price estimate specific to your property. **

*Ancaster, Dundas, Glanbrook, Hamilton, Stoney Creek, Waterdown 

** Not intended to solicit clients currently under contract.

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