Saturday 2 June 2018

Market Snapshot: May 20-26, 2018

Local MLS® Sales Data

All Hamilton Real Estate Districts Combined*
Total Sales: 170
Average Price: $523,718
Median Price: $465,500
Avg Days On Market: 28

Sales volume and pricing receded a little this week.  Average price still remained well above $500k, and divergence from median remains about the same.

The market doesn't seem to be seeing any significant shifts in time-on-market, so things are still moving despite the apparent slowdown.  This is likely due in part to a somewhat matching decrease in new inventory as sales have dropped - fewer sales, but also less selection for buyers and competition for sellers from other listings.

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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