2021 Ontario Housing Market Statistics
Hamilton, ON (January 20, 2022) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 16,502 sales of residential properties processed through the Multiple Listing Service® (MLS®) System in 2021.
This is a 10.5 % increase from 2020.
The average price of a residential property in 2021 was $867,560 across the RAHB market area. This is up 25.74 % from 2020.
The average price in 2011 was $321,449 which represents a 169.89 % increase over ten years.
New residential listings increased by 7.7% compared to 2020.
“The extreme lack of inventory led to rapid price growth in 2021, resulting in 1 of every 4 transactions being for $1,000,000 or greater. In 2020, just 1 of every 10 transactions fell into that price category,” says Piriano. “It is so important to work with a local RAHB REALTOR® when selling or buying your home – they know the market trends for your neighbourhood and have the tools to help you.”
When the residential statistics are broken out into the four main RAHB market areas, Hamilton experienced a 10.05 % increase in new listings, a 10.98% increase in sales, and a 26.76% increase in average price to $798,959.
Broken down by community, Dundas and Hagersville experienced the highest percentage increase of sales at 36.1 and 40.28%, respectively.
Hamilton Mountain saw the highest total number of sales at 2,373.
The largest drop in the number of sales was experienced by Ancaster, falling from 840 sales in 2020 to 807 sales in 2021.
Burlington saw a decrease in listings by 4.46% an increase in sales by 5.04%, and an increase in average price by 22.96% to
$1,079,317.
Haldimand saw a 8.19% increase in listings and a 34.45% increase in average price to $734,496, while the number of sales decreased by 2.39%.
Niagara North saw a 13.92% increase in listings, a 13.97% increase in sales, and an increase in average price by 30.7% to $869,401.
Talk to Stephanie@therealtydeal.com about Buying or Selling a House in the GTHA
