Market Commentary August 2022
As we head into the Autumn season market activity is picking up. Buyers who put a pause on their home search from a summer of no Covid restrictions are now hitting the go button. Last month market stats for the greater Hamilton area indicated a significant 30% decrease of sold properties compared to August 2021. The average days on the market for a listing is now edging towards one month, a 10 percent increase from July. Although the frenzy of bidding wars has cooled the average sale price is hovering above 2% from last year at this time. Read the full market report for Hamilton on RAHB and Toronto area on TRREB .
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Wishing you a fantastic weekend!
Stella McCollum.
