October 2022 Residential Statistics

We are now firmly into the Fall market and we are still seeing signs of a more balanced market.  Prices are still up over this time last year, but we are starting to notice that prices are beginning to level out and inventory has increased with Niagara/Haldimand Regions having  3.8 months and Hamilton having 2.1 months. In Niagara/Haldimand Regions we saw Unit Sales decrease by 33% and the Average Sale Price increase by 16%.  In Hamilton region it was a similar story with Unit Sales decreasing by 36% and the Average Sale Price increasing by 13%.  The average rental price in all combined areas is over $2400/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.