The REALTORS® Association of Hamilton-Burlington (RAHB) reported 906 sales of residential properties within the RAHB market area through the Multiple Listing Service® (MLS®) System in August 2022.
🗝 The number of sales were up by 11.7% from July 2022 and down by 24.2% compared to August 2021.
🗝 There were 1,641 new listings in August 2022, which was down 8% from July 2022, and compared to August 2021, there was an increase in listings of 20%
🗝 The average sale price for residential properties across the RAHB market area was $858,405, which was down 2.3% from July 2022, and up 2% compared to August 2021.
🗝 There were 2.6 months of inventory in August 2022 compared to 3.1 months in July 2022.