Archives for March 6, 2019

FEBRUARY 2019 STATISTICS

Hamilton, ON (March 1, 2019) - The REALTORS® Association of Hamilton-Burlington (RAHB)reported 735 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in February, 2019. This is a 4 per cent drop from February last year; however, a 24 per cent increase over January 2019. The average price was up from February 2018 by 1.9 per cent to $557,135. “Last year this time we saw the beginnings of a more balanced market,” says RAHB CEO George O’Neill. “The data for January and February is trending upwards and could lead into a healthy spring market for both buyers and sellers.” The number of sales for single family properties within the entire RAHB market fell by 2.9 per cent compared to the same month last year, and the average sale price decreased by 0.7 per cent. Townhouse sales activity across the entire RAHB market area was also down from February 2018 by 4.2 per cent, while the average … [Read more...]