Hamilton-Burlington realtors say home sales off about 36% from July 2021

Last month, the Realtors Association of Hamilton-Burlington (RAHB) reported a drop of 35.6 per cent in overall sales activity in the region compared with 2021, with the city of Hamilton seeing a 39.8 per cent decline over the same period. The sale of detached properties in the region was down 25.5 per cent from June 2022 and off 37.3 per cent compared with the same time last year, pointing to some apprehension last month for buyers to spend big. The lowest average prices are in Hamilton Centre, where a home was around $596,425 at the end of July — down six per cent month over month and up six per cent year over year.

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