Hot April Market
The recent Media Release from the RAHB spells out good news for the Hamilton-Burlington area, with sales down slightly from last year, but are generally strong staying “13 per cent higher then the 10-year average.”
May 4, 2016 – Hamilton, Ontario. “The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,649 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in April. Sales were 2.7 per cent lower than the same month last year yet 13 per cent higher than the 10-year average.
There were 2,053 properties listed in April, a decrease of 14.5 per cent compared to April of last year, and 9.4 per cent lower than the 10-year average.
‘It’s not a big surprise that sales decreased compared to last year,’ said RAHB CEO George O’Neill. ‘April 2015 was the first of the all-time record-breaking months we had last year. April 2016 sales were still relatively high, at 13 per cent above the 10-year average.’
Seasonally adjusted* sales of residential properties were three per cent lower than the same month last year, with the average sale price up 16.2 per cent for the month. Seasonally adjusted numbers of new listings were 11.1 per cent lower than April of 2015.”
To read the full report, please click here.