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.