02 Dec 2020
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Inventory is low and demand is high in November

December 2, 2020 | Comments Closed | , , , , , , , , , , , ,
INVENTORY IS LOW AND DEMAND IS HIGH IN NOVEMBER

Hamilton, ON (December 2, 2020) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,233 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in November 2020. Sales were down 24.12 per cent over last month, but up 17 per cent over November of last year. New listings were down 28.98 per cent over October 2020 and up 16.3 per cent over last November. The average price for residential properties was $722,317, which was up 0.11 per cent from last month and up 21.2 per cent from November 2019. The number of active listings available at the end of the month was 40.8 per cent lower compared to the previous year.

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03 Nov 2020
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Historically low active listings continue in October

November 3, 2020 | Comments Closed | , , , , , , , , , , , ,
Historically low active listings continue in October

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,615 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in October 2020. Sales were down 7.6 per cent over last month and up 23.7 per cent over October of last year. New listings were down 12.8 per cent over September 2020 and up 5.5 per cent over last October. The average price for residential properties was $721,523, which was up 0.02 per cent from last month and up 19.8 per cent from October 2019. The number of active listings available at the end of the month was 39.8 per cent lower compared to the previous year.

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02 Oct 2020
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Sales and average price at record levels; Active listing remain low

October 2, 2020 | Comments Closed | , , , , , , , , , , , ,
Sales and average price at record levels; Active listing remain low

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,751 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in September 2020. Sales are up 37.67 per cent over last month and up 53.9 per cent over September of last year. New listings are up 32.67 per cent over August 2020 and up 8.5 per cent over last September. The average price for residential properties was $721,354, which is up 3.8 per cent from last month and up 19.8 per cent from September 2019. The number of active listings available at the end of the month was 40.4 per cent lower compared to the previous year.

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03 Sep 2020
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Typical August market in a year that is anything but typical

September 3, 2020 | Comments Closed | , , , , , , , , , , , , ,
TYPICAL AUGUST MARKET IN A YEAR THAT IS NOT

Hamilton, ON (September 2, 2020) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,272 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in August 2020. Sales are down 21.14 per cent over last month and up 12.7 per cent over August of last year. New listings are down 16.1 per cent over July 2020 and up 7.3 per cent over last August. The average price for residential properties was $694,690, which is up 0.24 per cent from last month and up 16.3 per cent from August 2019. The number of active listings for the month was down 18.6 per cent over last year.

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04 Aug 2020
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July 2020 activity higher than typical summer months

August 4, 2020 | Comments Closed | , , , , , , , , , , , , ,
JULY 2020 ACTIVITY HIGHER THAN TYPICAL SUMMER MONTHS

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,613 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in July 2020. Sales are up 23.7 per cent over last month and up 27.8 per cent over July of last year. New listings are up 15.5 per cent over June 2020 and up 8.8 per cent over last July. The average price for residential properties was $692,999, which is up 2.6 per cent from last month and up 16.3 per cent from July 2019. The number of active listings for the month was down 21.4 per cent over last year.

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04 Jul 2020
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June 2020 activity higher as RAHB market area moves into stage 2 of reopening

July 4, 2020 | Comments Closed | , , , , , , , , , , , , ,

Hamilton, ON (July 3, 2020) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,304 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in June 2020. Sales are up 53 per cent over last month, and are down only 0.2 per cent over June of last year. The average price for residential properties was $675,223, which is up 13.7 per cent from June 2019, and up 3 per cent from last month.

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03 Jun 2020
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COVID-19 keeps activity low for May 2020, but market improves over April

June 3, 2020 | Comments Closed | , , , , , , , , , , , , ,

Hamilton, ON (June 2, 2020) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 852 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in May 2020. Sales are down 42.2 per cent over May 2019, and up 43.4 per cent over last month. The average price for residential properties was $655,418, which is up 10 per cent from May last year, and up 6.3 per cent from last month.

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04 May 2020
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COVID-19 Affects RAHB market area in April

May 4, 2020 | Comments Closed
COVID-19 AFFECTS RAHB MARKET AREA IN APRIL AND REALTORS® WORK VIRTUALLY TO SLOW THE SPREAD

Hamilton, ON (May 4, 2020) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 482 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in April 2020. Sales are down 63.4 per cent over April 2019 and 56 per cent over last month. The average price for residential properties was $614,412, which is up 4.3 per cent from April last year, but down 6.6 per cent from last month.

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18 Apr 2020
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COVID-19: Residential Market Update – March 16th to April 15th

April 18, 2020 | Comments Closed
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08 Apr 2020
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COVID-19: Residential Market Update (March 16th to 31st)

April 8, 2020 | Comments Closed | , , , , , , , , , , , , , ,

🏀 On March 12th, the NBA announced it was shutting down for at least 30 days. This was the first major sports association announcement. 

🚌 Later that day, the Ontario Government announced that all publicly funded schools would be closed for two weeks after March Break. 

🚨 On the morning of March 17th, the Ontario Government declared a state of emergency. 

📈 The March monthly statistics released last week show increases in Total Sold and Average Price, but that is reflective of the entire month and the extra strong market we experienced to start 2020 – which continued into March. 

📊 This Market Update showcases the change in New Listings, Total Sold and Average Price for the last two weeks of March (the initial effects of COVID-19) as compared to the first two weeks of March 2020. It is important to note that the data set for a two-week period only is limited and can be skewed more easily by a non-typical property sale. To provide some additional perspective, we have compared the same two-week period to that of 2019. In almost every community, the average price has increased year-over-year even considering the impact of COVID-19.

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