The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,329 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in October 2021. Sales increased eight per cent since last month, and they were down nearly 18 per cent since October 2020. New listings decreased by nine per cent since last month and they were down 23 per cent since last October. The average price for residential properties was $922,297 which was an increase of nearly five per cent from last month compared to an increase of 27 per cent from October 2020. The inventory available dropped even further to 0.6 months of inventory.
*The news release will be posted to www.rahb.ca/market-stats/ on November 3, 2021.*