Tag Archives: REALTORS® Association of Hamilton-Burlington report

May Sales Set Another New Record

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a record 1,810 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in May. This represents a 9.4 per cent increase in sales compared to May of last year, and smashes the record of 1,699 all property sales set last month. There were 2,587 properties listed in May, an increase of 4.5 per cent compared to the same month the year prior. End-of-month listing inventory was 8.9 per cent lower than last May.

“For the second month in a row, sales in the Hamilton-Burlington area broke an all-time record,” said RAHB CEO Ross Godsoe. “To say that we’ve had a busy spring market would be an understatement. Low inventory and relatively low prices have led to properties in the old city of Hamilton to sell, on average, at or above asking.”

“Listing and sale numbers continue to grow,” added Godsoe. “However, inventory is still very low, with just two months supply of listings. The Hamilton-Burlington market has favoured sellers for a while now, and remains one of the tightest markets in Canada.”

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

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

Selling your home in Burlington, Ontario? Call Lori VanDinther Burlington Realtor and let her help you make all the right moves!

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

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!

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!