Friday 16 March 2018

Market Snapshot: March 4-10, 2018

Local MLS® Sales Data
All Hamilton Real Estate Districts Combined*
Total Sales: 123
Average Price:
Median Price: $447,000  
Avg Days On Market: 22
Sales volume receded slightly this week, and seems below normal for this time of year.  Sales for the first ten days of March 2018 are about half what they were last year.  Even with this month last year being exceptionally heated, that still shows a significant decrease in activity.

Average sale price softened a bit this week, but not outside of usual weekly fluctuations.
Time on market for properties sold this week was quite a bit shorter than normal.  This is a possible indicator of the spring market starting, but it's hard to say with sales remaining soft.
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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