Heddle Real Estate - Royal LePage State Realty Brokerage

By Kelly Ann Scott
Posted Monday, Jun 05, 2023 9:00 am

Housing market in Hamilton, Burlington sees price increase for 5th month in a row

The Realtors Association of Hamilton-Burlington (RAHB) says the benchmark price in the housing market has trended up for the fifth consecutive month.

In a release, the agency says the area sold 1,254 homes in May, which represents a 12 per cent increase in homes sold over the previous month and a three per cent increase in sales compared to May 2022,

RAHB says the three per cent year-over-year increase in sales was driven by stronger home sales in Hamilton, Niagara North and Burlington.

New home listings remain significantly lower than the levels traditionally reported this time of year. However, there has been a 32 percent increase in listings in the past month, resulting in a total of 2,031 new homes being listed.

The agency says there were 1,860 units available, which is lower than the previous year’s inventory...[READ MORE]

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