The New Street July 2021 Hamilton Region Real Estate Report //
Prices //
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The average price of a home in the Hamilton Region was $779,783 in July 2021.
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This figure was down by approx. 1% from last month (Jun. 2021).
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The average price increased from last year by approx. 24% (Jul. 2020).
Sales Activity //
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With 782 sales, volume decreased from last month (Jun. 2021) by approx. 19%.
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Sales activity was down from last year (July 2020) by approx. 26%.
Market //
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It took 17 days to sell a home on average in July, this is up by approx. 26% from last month (Jun. 2021) and down 17% from last year, July 2020.
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There is currently 0.8 months of supply on the market which down by approx 20% from last year (July 2020).
Analysis //
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The Hamilton market is definitely one of the most in-demand cities in Southwestern Ontario to buy a home currently. With a 1% decrease in price with an average of 17 days on the market.