Local Market Update

RAHB Market Activity for this month

Real Estate and Mortgage News

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DateHeadline/Summary
Dec 05 RAHB REALTORS® Release November Statistics
(Dec 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 862 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in November, 2018. This is a 17.1 per cent decrease from the same month last year. Year to date, sales are 17.4 per cent lower than last year at this same time. The sales-to-new-listings ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent), was 71.2 per cent - the low end of a seller's market. For comparison, in November 2017 the ratio was 69.9 per cent.
Nov 05 RAHB REALTORS® Release October Statistics
(Nov 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,035 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in October, 2018. This is a 13.1 per cent decrease from the same month last year. Year to date, sales are 17.7 per cent lower than last year at this same time. The sales-to-new-listings ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent) was 60.1 per cent. This is higher than last month and on the cusp of returning to a seller's market. For comparison, in October 2017 the ratio was 65.5 per cent.
Oct 03 RAHB REALTORS® Release September Statistics
(Oct 3, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 948 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in September, 2018.This is a 4.6 per cent increase over the same month last year. Year to date, sales are 18.8 per cent lower than last year at this same time. The Sales to New Listings Ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent) was 50.1 per cent. This indicates the overall residential market for the RAHB area is in a balanced position (between 40 to 60 per cent). Last year for September, the ratio was at 43.7 per cent - still considered balanced but trending towards a buyers' market.
Sep 06 RAHB REALTORS® Release August Statistics
(Sep 6, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,089 residential sales were processed through the RAHB Multiple Listing Service® (MLS®) System in August, 2018, less than one percent more than the same month last year and 2.9 per cent fewer than the 10-year average for the month. Residential freehold sales were exactly the same as August of last year, while condominium sales were 2.9 per cent higher. New residential listings were three per cent lower than the same month last year, and 4.5 per cent lower than the 10-year average.
Aug 03 RAHB REALTORS® Release July Statistics
(Aug 3, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,072 residential sales were processed through the RAHB Multiple Listing Service® (MLS®) System in July 2018, 4.7 per cent fewer than the same month last year and 16.3 per cent fewer than the 10-year average for the month. Residential freehold sales were 3.2 per cent lower, and condominium sales were 11.5 per cent lower, than July last year. New residential listings were 8.4 per cent lower than the same month last year, but 1.5 per cent higher than the 10-year average.
Jul 05 RAHB REALTORS® Release June Statistics
(Jul 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,257 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in June, 14.2 per cent fewer than the same month last year and 19.2 per cent fewer than the 10-year average for the month. All property listings were 19 per cent lower than the same month last year, but 1.1 per cent higher than the 10-year average. Residential sales were 13.7 per cent lower than June of last year, with residential freehold sales 13.3 per cent lower and condominium sales 15.6 per cent lower than the same month last year.
Jun 05 RAHB REALTORS® Release May Statistics
(Jun 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in May, 27 per cent fewer than the same month last year and 18 per cent fewer than the 10-year average for the month. All property listings were 19.8 per cent lower than the same month last year, but 5.4 per cent higher than the 10-year average.
May 03 RAHB REALTORS® Release April Statistics
(May 3, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,185 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in April, 32.4 per cent fewer than the same month last year and 21.7 per cent fewer than the 10-year average for the month. All property listings were 10.5 per cent lower than the same month last year and 5.2 per cent lower than the 10-year average.
Apr 04 RAHB REALTORS® Release March Statistics
(April 4, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,099 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in March, 38.6 per cent fewer than the same month last year and 18 per cent fewer than the 10-year average for the month. All property listings were 13.5 per cent lower than the same month last year and 8.1 per cent lower than the 10-year average.
Mar 05 Slowdown in February 2018 Market
(March 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 779 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in February, 40.3 per cent fewer than the same month last year and 25.7 per cent lower than the 10-year average for the month. All property listings were 15 per cent lower than the same month last year and 21.4 per cent lower than the 10-year average.
Feb 05 Mid-Winter Chill on January 2018 Sales
(February 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 660 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in January, 27.2 per cent fewer than the same month last year and 12.5 per cent lower than the 10-year average for the month. All property listings were 6.3 per cent higher than the same month last year and 22.3 per cent lower than the 10-year average.
Jan 19 Market Turnaround in 2017
(January 19, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington reported 15,565 all-property sales through the Association's Multiple Listing Service® (MLS®) System in 2017, 5.9 per cent fewer sales than in the record-breaking 2016. Even while sales were down from the previous year, the total dollar volume of sales reached a new high of $8.972 billion, which resulted in a 14.4 per cent increase in all-property average sale price for the year.
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