Pinterest

Real estate market updates


October stats - Market bouncing back?

 Monday, November 20, 2017     Real Estate Board of Hamilton Burlington     Real Estate Market

Featured Photo

PRESS RELEASE – For immediate release November 3, 2017 (Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in October, 6.5 per cent fewer than the same month last year and 10.9 per cent higher than the 10-year average. All property listings were 12.2 per cent higher than the same month last year, 14.3 per cent higher than the 10-year average, and set a new record for the month of October. “We are continuing to see more listings come onto the market after the severe shortage we saw earlier this year,” said RAHB CEO George O’Neill. “Sales have also rebounded a bit after the lower sales we saw over the last three months, resulting in a sales-to-new-listing ratio at 69 per cent in the residential market. After a few months in a more balanced market, we have just had a month where we moved to the lower end of a seller’s market again. We don’t know if this one month is indicative of a shift in the market or just a one-month result.” Seasonally adjusted* sales of residential properties were 18.7 per cent lower than the same month last year, with the average sale price up four per cent for the month. Seasonally adjusted numbers of new listings were 17.1 per cent higher than October of 2016.


2017 September Burlington Real Estate Market Stats

 Saturday, October 14, 2017     RAHB     Real Estate Market

Featured Photo

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 2,296 new listings were processed through the RAHB Multiple Listing Service® (MLS®) System in September, which is 17.2 per cent higher than the same month last year and 16.7 per cent higher than the 10-year average. All property sales were 23.4 per cent lower than the same month last year, and 13 per cent lower than the 10-year average. “The trend to higher numbers of listings and fewer sales through the month has continued,” said RAHB CEO George O’Neill. “This month’s listings were actually the highest we’ve seen for the month of September. Our sales to new listings ratio is down to the 44 per cent range, which is a big change from the 80 per cent-plus it was earlier this year and the 70 per cent range from last September.” Seasonally adjusted* sales of residential properties were 18.9 per cent lower than the same month last year, with the average sale price up 8.5 per cent for the month. Seasonally adjusted numbers of new listings were 24.3 per cent higher than September of 2016.

David and Ann Ryan, Sales Representatives
Office: 905-632-2199 | Direct: 905-407-4353 | info@ryanshomes.ca

RE/MAX Escarpment Realty Inc., Brokerage | 4121 Fairview St, Burlington, Ontario L7L 2A4, Canada

Website's for Real Estate product logo - Websites for Real Estate by i2bGlobal Inc. i2b Global Inc. logo
Website Designed and Supported by i2bGlobal

Please report any technical problems with this site to support@i2bglobal.com. Copyright © 2017 The Ryan Group. All rights reserved.
MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS®.