Tag Archives: REALTORS® Association of Hamilton-Burlington report

New Record for Sales in Hamilton-Burlington

(May 5, 2015 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported a record 1,699 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in April. This represents a 15.7 per cent increase in sales compared to April of last year, and smashes the old record of 1,660 all property sales set in May of 2014.

“The Greater Hamilton-Burlington real estate market has never seen this kind of activity,” said RAHB CEO Ross Godsoe. “There are a number of areas in Hamilton, Burlington and even outlying communities where, on average, properties are being sold for full list price or higher. It’s rare to see that kind activity as an average for an area.”

“Listings and sales in the residential market are well over average for the month,” added Godsoe. “Despite the increase in listings, end of month inventory is still considered low, at just over two months of inventory. That, coupled with a high sales to listing ratio, confirms we are still firmly in a seller’s market.”

Seasonally adjusted data for residential properties for the month of April, 2015

Seasonally adjusted data for residential properties for the month of April, 2015

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Strong Fall Market Continues

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1258 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in October. This represents a 4.5 per cent increase in sales compared to October of last year.

“October was another strong month for real estate activity in the RAHB market area,” said RAHB CEO Ross Godsoe. “Listings and sales are both well above average and are the highest they’ve been in October since the most recent recession.”

“The challenge in a sustained strong market is affordability,” said Godsoe. “That may be why more buyers have been attracted to the condominium market over the last few months.”

Seasonally adjusted data for residential properties for the month of October, 2014:

Seasonally adjusted data for residential properties for the month of October, 2014:

If you’re in the market for a new home, get in touch with Lori VanDinther, a reliable Burlington Realtor. Put the Team VanDinther Experience to work for You!

New Monthly Record Set

(October 3 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1286 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in September. This represents a seven per cent increase in sales compared to September of last year.

There were 2017 properties listed in September, an increase of 2.3 per cent over the same month last year. End-of-month listing inventory was 10.3 per cent lower than last year at the same time.

“Sales were the highest we’ve seen for the month of September, ever,” said RAHB President Tim Mattioli. “The strong market seen through the summer is continuing into the fall.”
Seasonally adjusted* sales of residential properties were less than one per cent higher than the same month last year, with the average sale price up 5.3 per cent for the month. Seasonally adjusted numbers of new listings were 1.7 per cent lower than the same month last year.

Seasonally adjusted data for residential properties for the month of September, 2014:

Seasonally

Actual overall residential sales were 6.7 per cent higher than the previous year at the same time. Residential freehold sales were four per cent higher than last year while sales in the condominium market saw an increase of 19.9 per cent.

 

Source: http://www.rahb.ca/press/2014/oct/141003statsreleaseSept.pdf