In September, sales improved in Hamilton over the previous month, primarily due to gains with detached and semi-detached homes. But with 475 sales, levels were still over 26 per cent lower than long-term trends for the month.

Despite some improvements in sales, the number of new listings also rose, causing further gains in inventory levels. The rise in inventory relative to sales increased the months of supply to push above five months. The highest levels of oversupply were reported in the row and apartment sectors. The tightest conditions were reported in Dundas with four months of supply, while Hamilton West reported the highest months of supply at nearly nine months.

In September, the unadjusted benchmark price in Hamilton was $703,700, similar to last month, but nine per cent lower than levels reported last year. Apartment condos reported a year-over year decline of over 11 per cent, while semi-detached homes saw the lowest rate of adjustment at nearly six per cent.