Hamilton's real estate market is experiencing a price correction, with values down 30.4% from last year. The median home price has fallen to $255,000, a significant 30.4% decrease year-over-year. With 2.5 months of supply, Hamilton's inventory levels remain relatively tight. Homes are taking about 199 days to sell, which is 51 days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hamilton market with the affordability index at 615.9. Based on current market indicators, home prices in Hamilton are projected to increase by approximately 10.0% over the next month.
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