The New Street April 2021 Hamilton Region Real Estate Report //
Prices //
- The average price of a home in the Hamilton Region was $786,737 in April 2021.
- This figure was down by approx. 2% from last month (March. 2021).
- The average price increased from last year by approx. 42% ( April. 2020).
Sales Activity //
- With 1,195 sales, volume decreased from last month (March. 2021) by approx. 8%.
- Sales activity was up from last year (April. 2020) by approx. 250%.
Market //
- It took 8 days to sell a home on average in April, this is down by approx. 33% from last month (March. 2021) and down 56% from last year, April. 2020.
- There is currently 0.7 months of supply on the market which is up by approx. 40% from last month (March. 2021) and down by approx 77% from last year (April. 2020).
Analysis //
- The Hamilton market is definitely one of the most in-demand cities in Southwestern Ontario to buy a home currently. With a 42% increase in price and diminishing supply due to a record amount of sales, up 250%+ from the last year April 2020 - it definitely continues to be a strong seller's market.