May 2022 Residential Statistics

As we head towards the Summer market we are continuing to see a trend towards a more balanced market.  Prices are still up over this time last year and inventory has increased with Niagara/Haldimand Regions having  2.2 months and Hamilton having 1.7 months. In Niagara/Haldimand Regions we saw Unit Sales decrease by 24% and the Average Sale Price increase by 24%.  In Hamilton region it was a similar story with Unit Sales decreasing by 32% and the Average Sale Price increasing by 24%.  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.