Residential condominium market sees highest gains in September

 

(October 5, 2011 – Hamilton, Ontario) The real estate market in the Greater Hamilton, Burlington and outlying areas* continued to show increases in listings, sales and average sale price when compared to the same month last year, according to Multiple Listing Service® (MLS®) statistics released today by the REALTORS® Association of Hamilton-Burlington (RAHB).

The residential condominium market saw the largest gain with a 13.8 per cent increase in the number of sales when compared to last September. The same market also saw a less than one percent decrease in average sale price from September of last year. The 206 condominium sales were better than the ten-year average of 198 sales for the month.

 

In the residential freehold market, listings were up seven per cent over the same month last year and sales were up 8.6 per cent over August of last year. Average sale price remained very steady, with a very slight gain over last year.

 

“We are heading into the fall market with positive reports on the market,” said RAHB President Ann Forbes Arndt. “In general, we are seeing better-than-average results across the board when we look at last year and the ten-year average.”