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Real Estate Market News

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DateHeadline/Summary
Jan 05 New RAHB Residential Average Sale Price Record to End 2021
(Jan 5, 2022 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 811 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in December 2021. Sales decreased by 32 per cent since last month, and they were down 11 per cent since December 2020. New listings fell by nearly 50 per cent since last month and they were also down six per cent since last December. The average price for residential properties was $931,787 which was an increase of two per cent from last month compared to an increase of 27 per cent from December 2020. The inventory available dropped even further to 0.4 months of inventory. .
Dec 02 Supply Continues to Drop in November
(Dec 2, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,199 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in November 2021. Sales decreased by nearly ten per cent since last month, and they were down three per cent since November 2020. New listings also decreased by ten per cent since last month and they were also down three per cent since last November. The average price for residential properties was $911,673 which was a decrease of one per cent from last month compared to an increase of nearly 27 per cent from November 2020. The inventory available dropped even further to 0.5 months of inventory.
Nov 03 Home Prices Soar in RAHB Market Area
(Nov 3, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,329 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in October 2021. Sales increased eight per cent since last month, and they were down nearly 18 per cent since October 2020. New listings decreased by nine per cent since last month and they were down 23 per cent since last October. The average price for residential properties was $922,297 which was an increase of nearly five per cent from last month compared to an increase of 27 per cent from October 2020. The inventory available dropped even further to 0.6 months of inventory.
Oct 04 Demand Continues to Outpace Supply in RAHB Market Area
(Oct 4, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,226 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in September 2021. Sales increased two per cent since last month, and they were down nearly 30 per cent since September 2020. New listings increased by 14 per cent since last month and they were down 26 per cent since last September. The average price for residential properties was $881,656 which was an increase of nearly five per cent from last month compared to an increase of 22 per cent from September 2020. The inventory available remained unchanged from August 2021 at 0.8 months of inventory.
Sep 02 RAHB Market Area Sees Record Lows for Inventory
(Sep 2, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,201 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in August 2021. Sales were down five per cent since last month, and they were also down five per cent since August 2020. New listings were down nine per cent since last month and down 15 per cent since last August. The average price for residential properties was $839,881 which was a decrease of nearly one per cent from last month compared to an increase of nearly 21 per cent from August 2020. The inventory available remained unchanged from July 2021 at 0.8 months of inventory.
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