The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,298 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2022.
🗝 Sales were down by 20.7% month over month, and down by 31.3% compared to April 2021.
🗝 There were 2,451 new listings in April, which was down 3.6% month over month, and compared to April 2021, there was a decrease of 7%.
🗝 The average sale price for residential properties across the RAHB market area was $1,013,081, which was down 5.6% over the previous month, and up 18.2% compared to April 2021.
🗝 The inventory of listings increased to 1.2 months of inventory in April compared to 0.7 months in March.