(July 8, 2013 – Hamilton, Ontario) The REALTORS® Association of Hamilton‐Burlington (RAHB) reported 1367 properties sold through the RAHB Multiple Listing Service® (MLS®) in June. This represents a 2.7 per cent increase in the number of sales over June of last year.
There were 1980 properties listed in June, an increase of 2.5 per cent over June of last year. The average sale price of $397,374 was an increase of 8.5 per cent over the previous June.
Seasonally adjusted* sales of residential properties were 4.4 per cent higher than the same month last year, with the average sale price up 8.8 per cent for the month. Seasonally adjusted numbers of new listings were 2.2 per cent higher than the same month last year.
Actual overall residential sales were 1.9 per cent higher than the previous year at the same time.
Residential freehold sales were 2.6 per cent higher than last year while the condominium market saw a decrease in sales of 1.3 per cent. The average sale price of freehold properties showed an increase of 6.8 per cent over the same month last year; the condominium market saw an increase of 10.1 per cent when compared to the same period last year.
The average days on market decreased from 38 days to 37 days in the freehold market and increased from 40 days to 46 days for condominiums.
Year to date, listings are down 1.1 per cent compared to the same period last year, while sales are 3.3 per cent lower. The average sale price for the first half of the year is 7.7 per cent higher than the same period last year.