Compared to the previous year, February sales eased across all regions within Hamilton. The pace of decline varied depending on the region, with Hamilton East seeing the steepest decline. That region saw a significant decline in new listings which may explain the decline in sales. Compared to last February, there is an improvement in supply levels providing buyers with more options. Notably, the sales to new listings ratio rose over last year's levels in the Hamilton Mountain and Dundas regions. Should supply continue to adjust to the current demand, we could see more price stability as we move through 2023.
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