The New Street March 2019 Greater Hamilton Region Real Estate Report //
Average Prices //
ðŸ“Š The average price of a home in the Hamilton-Burlington Region was $519,309 in March
ðŸ“Š This figure is consistent from the previous month of Februry
ðŸ“Š Up 6% from March 2018
ðŸ“Š Up 0.6% from March 2017 (when the market was getting heated)
ðŸ“Š 22% jump from 3 years ago in 2016.
Sales Stats //
ðŸ“Š Sales volume was up from last month by 37% but just shy off last year by 2%, totaling 649 total sales in March
ðŸ“Š Down by 46% from March 2017 and 20% from March 2016
Days to Sell & Months of Inventory //
ðŸ“Š It currently takes 31 days to sell a home on average, this is down 8% from last month but increased from last year by 20%. It takes 33% longer to sell a home when compared to March 2017.
ðŸ“Š There is currently 2.1 months of supply on the market which is down from last month by 16% but up 50% from March 2018