Hamilton, ON (April 1, 2019) - The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,032 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in March, 2019. This is a 1.2 per cent drop from March last year; however, a 40 per cent increase over February 2019 and a 74 per cent increase over January 2019. The average price was up from March 2018 by 4.9 per cent to $575,099.
“The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market,” says RAHB CEO George O’Neill. “We experienced a two per cent increase in the number of listings over last year, which means more overall choice for buyers.”
“Our market area includes Hamilton, Burlington, Haldimand and Niagara North, and within these areas are smaller communities that each have their own distinct characteristics,” add O’Neill. “The trend over the past several months has been that buyers are choosing more affordable properties and more affordable communities. We expect this to continue throughout the spring market.”
Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. I have the experience, knowledge and tools to help buyers and sellers make those big decisions.
*Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value.
Stats Release - March 2019 Month End
