Top Real Estate Agents in Hamilton

Hamilton's housing market started winter early with a cooldown from the rapidly increasing prices of the past few months. Average sold prices for all property types was $662,511, a slight decline from September but still a 22% increase compared to 2019. Total sales volume fell by 8% compared to the previous month with 983 buy and sell transactions. Surprisingly, growth in condo prices outpaced those of detached and semi-detached homes as average sold prices for condos rose 4% month over month compared to a 1% decline for detached homes.

New listings in Hamilton continue to fall as inventory declines. New listings for detached homes fell to 17% below 2019 levels while semi-detached and condo apartments fell by over 9% and 3% month over month respectively.

Home prices in Hamilton, despite their growth, are still much lower than those in other markets in Canada. For comparison, average sold prices in the Greater Toronto Area for all property types in September 2020 was $960,772. Benchmark home prices in Vancouver are even higher at over $1M. Similar to Hamilton, Ottawa has average sold prices at below $600K and is also experiencing a rapid real estate boom with average sold prices up 28% yoy. The relatively lower prices in Hamilton and Ottawa are bringing buyers across Canada who are looking to maximize their home budgets.

Hamilton Housing Market Statistics for All Property Types in September 2020

Hamilton Estate Tools for Buyers and Sellers