Low Listing Inventory Continues

The REALTORS® Association of Hamilton-Burlington (RAHB) reported
949 property sales were processed through the RAHB Multiple Listing Service® (MLS®) system in February.
This represents a 0.7 per cent decrease in sales compared to February of last year.

“The long winter seems to be having an effect on the real estate market,” said RAHB CEO Ross Godsoe.
“Our listing inventory continues to be lower than average, and overall, for all property types, we are seeing
fewer listings and sales compared to last year.”

Low-listings-inventory-feb-2014

“Residential sales are up a bit from last year,” said RAHB CEO Ross Godsoe. “but when you look at the
bigger picture, sales are actually almost seven per cent below what is average for the month of February,
based on results from the last ten years. Likewise, listings are about 15 per cent lower than average.”