Low interest rates, increased employment levels and a healthy economy spurred solid real estate activity in Hamilton-Burlington in 2007. The number of homes sold is expected to top 13,760 units by year-end, representing a 5% increase over 2006 levels. Average price is to climb 7% to $268,000, up from $248,754 one year earlier. First time buyers remain a force in the residential marketplace, looking for condos priced from $200,000 & detached homes from $250,000. Also active in the market are move-up buyers in the $400,000+ range who are cashing in on substantial equity gains. The condo lifestyle, which accounts for approximately 20% of all residential sales in Hamilton-Burlington, will remain popular with purchasers for 2008.