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.”
“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.”
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
The numbers for July 2013 are in and showing 1288 properties sold through REALTORS® Association of Hamilton-Burlington (RAHB) Multiple Listing Service® (MLS®) . This shows a 3.9% increase compared to July of last year. So the seller’s market is persisting, with the average home sale price of $387,108 (an increase of 10.7%).
“We are still experiencing a seller’s market in our market area,” said RAHB CEO Ross Godsoe. “We thought earlier in the year we might see a more balanced market by this point, but that hasn’t been the case.”
For seasonally adjusted numbers, view the original report.