Cornerstone Association of REALTORS - Hamilton and Burlington

The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.

"As spring momentum continues, the Hamilton-Burlington housing market is showing positive conditions that create opportunities for both sides of a transaction. Increased listing activity and a growing inventory are giving buyers more choices, while steady month-over-month price gains signal continued seller confidence. With sales up nearly 15 per cent from last month and new listings up over 20 per cent, the market is finding its footing as we head into what is traditionally one of the busiest times of the year for real estate.” - Bill Duce, Cornerstone CEO

Hamilton-Burlington-Haldimand-Niagara North Area Highlights:

• Home sales increased 14.7% month-over-month.

• The number of newly listed properties increased by 20.3% on a month-over-month basis.

• The MLS® Home Price Index (HPI) increased 1.4% compared to a month ago, and was down 7.7% on a year-over-year basis.

• Inventory across the market area decreased 4.7% on a year-over-year basis, but due to an increase on a month-over-month basis, the months’ supply increased to 4.5 months for all property types by the end of April.

For more information https://cornerstone.inc/housing-market-statistics/