RE/MAX Escarpment
Languages
English, French / Français, Greek
Specialties
Buyers, Condominiums, Downsizing, Investments, Lake/Beach Property, Luxury Homes, Rentals, Residential, Sellers
Locations
Aldershot, Burlington, Hamilton, Oakville, Waterdown, Central Burlington, South Burlington, West Burlington, North Burlington
Feb 07, 2023
Sales this month eased compared to last year, but the pullback was not enough to offset earlier gains as year-to-date sales rose by over four per cent. Meanwhile, new listings rose this month, causing the sales-to-new listings ratio to fall to 59 per cent, supporting inventory growth. Despite the shift, conditions still remained relatively tight, with less than two months of supply. The unadjusted benchmark price reached $1,071,900, nearly two per cent higher than last month but over one percent lower than levels reported in April 2023.
[Source: RAHB Blog 2024]