Saturday 25 August 2018

Market Snapshot: August 12-18, 2018

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

Total Sales: 155
Average Price: $530,550
Median Price: $480,000 
Avg Days On Market: 35

Sales volume picked up a little this week, but still far from frothy.  Time on market was a bit slower, closer to the historical norm of 40 days to a sale.  

Prices seem to be continuing to sneak upwards, though, with both average and median sale prices increasing over last week.  The question is whether it will continue into a trend with the return of more typical market cycles and the fall market starting up in September.

Note that average price can vary by district and property type. 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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