Hamilton, ON (March 1, 2022) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,228 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in February 2022. Sales were up by 71 per cent month over month, and down by 4.4 per cent compared to February 2021. There were 1,675 new listings in February, which was up 84.2 per cent month over month, but compared to February 2021, there was only a 1.2 per cent increase. The average price for residential properties was $1,104,163, which was an increase of 4.2 per cent over last month, and an increase of 30.3 per cent compared to February 2021. The inventory of listings remains low at 0.6 months.

*The news release will be posted to www.rahb.ca/market-stats/ on March 2, 2022.*

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