The market is red hot , with low inventorys. Some remaining inventory is simply overpriced.

Here is a brief summary from the Hamilton-Burlington real estate Board.

The average price of freehold residential properties sold in the month of September was $324,868, an increase of six per cent over September last year.  The average sale price reflects the dollar volume of residential sales divided by the number of total residential units sold.

In the condominium market the average price of condominiums in September was $229,462, an increase of 7.8 per cent over September 2008. 
 WIll keep you posted !!  

Carl