Hamilton, ON (November 3, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,329 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in October 2021. Sales increased eight per cent since last month, and they were down nearly 18 per cent since October 2020. New listings decreased by nine per cent since last month and they were down 23 per cent since last October. The average price for residential properties was $922,297 which was an increase of nearly five per cent from last month compared to an increase of 27 per cent from October 2020. The inventory available dropped even further to 0.6 months of inventory.
Continue Reading →Home prices soar in RAHB market area
Hamilton home prices continue to rise double digits
Demand for all housing types high as inventory challenges continue
HAMILTON, October 15, 2021 – According to the Royal LePage House Price Survey released today, the aggregate[1]price of a home in Hamilton increased 19.0 per cent year-over-year to $772,500 in the third quarter of 2021. During that same period, the median price of a single-family detached home increased 18.7 per cent to $806,200 and the median price of a condominium increased 18.1 per cent to $485,000.
Continue Reading →Demand continues to outpace supply in RAHB market area
Hamilton, ON (October 4, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB)reported 1,226 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in September 2021. Sales increased two per cent since last month, and they were down nearly 30 per cent since September 2020. New listings increased by 14 per cent since last month and they were down 26 per cent since last September. The average price for residential properties was $881,656 which was an increase of nearly five per cent from last month compared to an increase of 22 per cent from September 2020. The inventory available remained unchanged from August 2021 at 0.8 months of inventory.
Continue Reading →RAHB market area sees record lows for inventory
Hamilton, ON (September 2, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,201 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in August 2021. Sales were down five per cent since last month, and they were also down five per cent since August 2020. New listings were down nine per cent since last month and down 15 per cent since last August. The average price for residential properties was $839,881 which was a decrease of nearly one per cent from last month compared to an increase of nearly 21 per cent from August 2020. The inventory available remained unchanged from July 2021 at 0.8 months of inventory.
Continue Reading →Average price holds steady in RAHB market area as inventory remains at record lows
Hamilton, ON (August 4, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,275 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in July 2021. Sales were down 20 per cent since last month, and they were down 20 per cent since July 2020. New listings were down 24 per cent since last month and down 20 per cent since last July. The average price for residential properties was $847,104 which was a decrease of two per cent from last month and up 22 per cent from July 2020. The inventory available at the end of the month remained at 0.8.
Continue Reading →Home sales post third best June on record as supply continued to fall
Hamilton, ON (July 6, 2021) – The number of homes sold through the MLS ® System of the REALTORS ® Association of Hamilton-Burlington (RAHB) totaled 1,607 units in June 2021. This was an advance of nearly 10 per cent from June 2020.
Continue Reading →Slight decrease in sale activity and average price compared to previous month
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,811 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in May 2021. While sales were down five per cent since last month, they were up 90 per cent since May 2020. New listings were down 14 per cent since last month and up 73 per cent as of last May. The average price for residential properties was $843,468 which was down one per cent from last month and up 29 per cent from May 2020. The inventory available at the end of the month was 0.6 per cent lower than last month.
Continue Reading →RAHB market area seeing signs of stabalization
ACTIVE LISTINGS CONTINUE TO SEE HEALTHY GROWTH MONTH-TO-MONTH
Hamilton, ON (May 4, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,906 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2021. While sales were down eight per cent since last month, they were up 245 per cent since April 2020. New listings were down three per cent since last month and up 191 per cent as of last April. The average price for residential properties was $855,455 which was down two per cent from last month and up 39 per cent from April 2020. The inventory available at the end of the month was 23 per cent higher than last month. “Since the pandemic began, the RAHB market area has been anything but predictable and each new month has brought historic highs and lows. The good news is, the RAHB market area is showing signs of stability and recovery with active listings increasing significantly once again month over month,” says RAHB President Donna Bacher. “We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing year to year, so rather than looking at 2020 to 2021, our best insight comes from a month over month analysis.”
Continue Reading →Sales and new listings skyrocket in March
Hamilton, ON (April 5, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB)reported 2,074 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in March 2021. Sales were up 63 per cent since last month and up 73.1 per cent since March of last year. New listings were up 65 per cent since last month and up 53 per cent as of last March. The average price for residential properties was $872,368 which was up three per cent from last month and up 32 per cent from March 2020. The inventory available at the end of the month was 39 per cent lower than the previous period in 2020.
Continue Reading →Average price continue to grow amidst pandemic-induced market conditions
Hamilton, ON (March 2, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB)reported 1,271 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in February 2021. Sales were up 54 per cent since last month and up 14.9 per cent since February of last year. New listings were up 61.9 per cent since January 2021 and up 12.2 per cent as of last February. The average price for residential properties was $848,719 which was up 7.7 per cent from last month and up 29.5 per cent from February 2020. The number of active listings available at the end of the month was 44.1 per cent lower than the previous period in 2020.
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