New Record Set for Number of Listings

 

(April 6, 2010 – Hamilton, Ontario) The Greater Hamilton-Burlington area resale market reported a total of 1436 units sold in March, an increase of 38.2 per cent over March of last year, according to the Multiple Listing Services® (MLS®) statistics released by the REALTORS® Association of Hamilton-Burlington (RAHB).

When compared to February of this year, total unit sales were 29.4 per cent higher in March, 2010.

“March was just an amazing month for numbers of listings and sales,” said RAHB President Joe Ferrante. “We set a new record for the number of listings taken in a month, ever.”

Residential properties sold during March totalled 1365 which included 1102 freehold properties and 263 condominiums. Commercial sales for March, including industrial, farm, vacant land and business, totalled 71 units.

The average price of freehold residential properties sold in the month of March was $335,633, an increase of 20.7 per cent over the same month last year and an increase of just over one per cent over last month.

For up to date Burlington listings, please go to http://www.ryanshomes.ca/burlington-homes-for-sale.aspx