Spring Market has brought an increase in both Unit Sales and Average Sale Price. The Niagara Region had a total of 7% increase in unit sales, and an 8% increase in average sale price YTD for the month of May. Compared to last year, there was an 8% increase in listings in the region. Residential properties averaged 40 days on market and $325/sqft. With only 3 months of supply left, we are heading into a busy seller’s market! Hamilton, Ancaster and Stoney Creek had a total of 11% increase in unit sales, and a 5% increase in average sale price
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May 2016 Regional Residential Statistics
Rising Prices, Brisk Sales have resulted in a very HOT market for the month of May. May 2016 Regional Residential MLS Sales May 2016 Regional Residential Market Update May 2016 Regional Residential Infographic The average sale price for a single family residential home was $329,105 for the month compared to April at $317,322. Year to date 2016 reported a $315,645 average sale price versus $273,853 for the same period in 2015 an increase of 15.3%. Sales activity has continued to rise with May exceeding April by 10% & year to date we were above last year by 23%. There were
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