Seller’s Market Continues in Greater Hamilton-Burlington and Outlying Areas

According to a recent report by the REALTORS® Association of Hamilton-Burlington (RAHB) listings and sales through October were higher by 9.4 per cent, when compared to last year same time. That represent around 1207 properties sold through the RAHB Multiple Listing Service® (MLS®) system. “Listings and sales through October were better than last year for the same month and higher than the 10-year average for the month,” said RAHB CEO Ross Godsoe. “We continue to see lower inventory, which again translates into a seller’s market for the area in the month of October.”

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Some additional facts:
– The average sale price of $397,403 was an increase of 3.9 per cent over the previous October.
– There were 1730 properties listed in October, an increase of five per cent over October of last year.
– End-of-month listing inventory is 6.3 per cent lower than last year.

Read more here: http://www.rahb.ca/press/2013/131106statsreleaseOct.pdf