RAHB August 2018 Market Statistics

Hamilton real estate market statistics, Hamilton real estate, Hamilton real estate market, Hamilton housing market, Hamilton MLS, RAHB, REALTORS ASSOCIATION of Hamilton-Burlington
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1089 residential sales in the Hamilton-Burlington area in August, an increase of less than one per cent compared to August 2017 and 2.9 per cent lower than the 10-year average for the month.

Condominium sales have risen 2.9 per cent compared to last year and residential freehold sales remained the same. New residential listings dropped three per cent compared to last year and 4.5 per cent lower than the area’s 10-year average.

RAHB CEO George O’Neill says that August was the first month in 2018 that sales weren’t lower than the average by double-digits.

The average residential sale price dropped 2.4 per cent while the sale price of condominiums has risen compared to last year.

The market peak so far this year was in May and RAHB expects the fall market to pick up as usual.

The areas that saw the biggest increase in average sale price last month were Hamilton Centre, Burlington, Stoney Creek, and Dunnville. The average price slightly declined in Hamilton West and Flamborough.

 

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