Record number of sales in May
What a difference a few months can make. After an extremely slow start to the year sales came ROARING back in May. The REALTORS® Association of Hamilton‐Burlington (RAHB) reported a record 1599 sales of all property types listed through the RAHB Multiple Listing Service® (MLS®). The previous record was 1598 sales in June of 2009.
There were 2,268 properties listed in May, a small increase over May of last year. All property sales increased by 3.4 per cent over the same month last year. The average sale price of $423,542 was an increase of 12.2 per cent from the previous May.
“May was a stellar month for sales of all property types,” said RAHB CEO Ross Godsoe. “We started to see movement in the market in April and that continued through May, resulting in a record number of all property sales.”
Seasonally adjusted* sales of residential properties were 1.5 per cent higher than the same month last year, with the average sale price up 12.3 per cent for the month. Seasonally adjusted numbers of new listings were 3.4 per cent higher than the same month last year.
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