Hamilton Market Update – June 2024

Rising sales for homes priced below $500,000 was not enough to prevent a seven per cent year-to-date decline. New listings in June were higher than
levels reported last year but did ease over last month’s levels. However, with 1,264 new listings and 495 sales, the sales-to-new listings ratio dipped below 40 per cent, and inventories rose across all price ranges.

Higher inventory levels compared to sales pushed the months of supply up to nearly four months. Additional supply choice weighed on home prices. In
June, the unadjusted benchmark price was $786,800, down from last month and nearly three per cent below last June.