Hamilton home sales down 40% from last year, listings up 13% from 2021: RAHB
The average price for a detached home in October was $845,648, down 11 per cent year over year, with Hamilton’s apartment-style dwellings around $478,743.
Sales in the city are down an estimated 31 per cent year over year for all property types combined, lower than the 10-year average.The realtors association says, on average, homes costing more than $1 million in the Hamilton area were in Flamborough, Waterdown and Ancaster. The lowest average prices continue to be in Hamilton Centre, where a home was around $536,432 at the end of October, down 11.4 per cent year over year.Piriano says in the short term, varying price trends are likely to continue amid inflation, higher interest rates and a lack of supply in lower-priced homes.“With conditions sometimes turning quickly or silently, it is important to talk to a professional realtor.
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