REALTORS® Association of Hamilton-Burlington report

Seller’s Market Continues

Compared to March of last year 1268 property sales were processed through the RAHB Multiple Listing Service® (MLS®) system represents a 9 per cent increase!

“The low inventory of listings is still the story,” said RAHB CEO Ross Godsoe. “A one per cent decrease doesn’t sound like much, but last March’s listings were down almost 10 per cent from the year before that. Put in context, listings this March were 8.7 per cent lower than average for the last ten years. Low inventory coupled with sales that are almost at the 10-year average are driving the price increase and the seller’s market.”

Properties listed in March = 1885, a decrease of 1.3 per cent from the same month last year.

The average sale price of $409,684 was 4.3 per cent higher than last March.

Looking for a dependable, professional and hard working Real estate agent in Burlington? Call Lori VanDinther today! info@loriv.com OR 905.336.7300

Seasonally Adjusted Chart

Read more at http://www.rahb.ca/2014/04/sellers-market-continues/

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.”

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.”

Looking to buy or sell a home in Burlington, Ontario? Contact Lori VanDinther – one of Burlington’s most trusted Realtors.

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