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.

“With inventory levels up and a modest month-over-month increase in sales, the Hamilton-Burlington market area is showing signs of stability. With more inventory to choose from and longer days on market, buyers are benefiting from more time and options. The HPI has posted two consecutive monthly increases, and in February, it reached its strongest level over the past four months, suggesting we may be approaching a new equilibrium after last year’s price corrections.” - Bill Duce, Cornerstone CEO

Hamilton-Burlington-Haldimand-Niagara North Area Highlights:

• Home sales increased 7.4% month-over-month.

• The number of newly listed properties decreased 2.0% on a month-over-month basis.

• The MLS® Home Price Index (HPI) increased 1.6% month-over-month and was down 7.9% on a year-over-year basis.

• The supply of inventory across the market area increased 2.2% on a year-over-year basis, resulting in a 3.5-month supply of all property types by the end of February.

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