March 2022 Residential Statistics

As we head into the Spring we are starting to see a slight shift in the market.  Prices are still increasing and inventory is still low, but there has been a slight increase with inventory in the Niagara/Haldimand Regions with 1.1 months and Hamilton having 0.9 months. In Niagara/Haldimand Regions we saw Unit Sales decrease by 15% and the Average Sale Price increase by 27%.  In Hamilton region it was a similar story with Unit Sales decreasing by 15% and the Average Sale Price increasing by 29%.  The average rental price in all combined areas is over $2300/month and many new home/condo projects are well on their way across the peninsula.  Our team of full service REALTORS® are ready to assist you in 2022 with all your real estate needs.  We specialize in Resale, New Homes, Investment Properties, Commercial Properties, and Leasing.