Hamilton Market Update – May 2024

Benchmark prices in May continued to rise compared to earlier in the year but remained just over one per cent lower than the levels recorded in May of
the previous year. Despite some monthly fluctuations, year-to-date prices have shown relative stability in 2024 compared to the previous year.

The increased supply relative to sales helped alleviate some pressure on home prices, particularly in the upper price ranges. So far this year, average benchmark prices have shown modest improvements for detached and semi-detached homes.