The New Street May 2021 Hamilton Region Real Estate Report //
Prices //
- The average price of a home in the Hamilton Region was $792,746 in May 2021.
- This figure was up by approx. 1% from last month (Apr. 2021).
- The average price increased from last year by approx. 31% (May 2020).
Sales Activity //
- With 1,137 sales, volume decreased from last month (Apr. 2021) by approx. 5%.
- Sales activity was up from last year (May 2020) by approx. 91%.
Market //
- It took 13 days to sell a home on average in May, this is up by approx. 59% from last month (Apr. 2021) and down 58% from last year, May 2020.
- There is currently 0.7 months of supply on the market which down by approx 59% from last year (May 2020).
Analysis //
- The Hamilton market is definitely one of the most in-demand cities in Southwestern Ontario to buy a home currently. With a 1% increase in price and diminishing supply due to a record amount of sales, up 91% from the last year May 2020 - it definitely continues to be a strong seller's market.