MORE LISTINGS FOR HOME BUYERS
December 5 , 2017 ( Hamilton, Ontario )
The REALTORS ® Association of Hamilton – Burlington (RAHB) reported 1,096 sales were processed through the RAHB Multiple Listing Service ® (MLS ® ) System in November, 16.7 per cent fewer than the same month last year but 3.3 percent higher than the 10 – year average .
All property listings were 8.7 per cent higher than the same month last year, 18.9 per cent higher than the 10 – year average , and fell just short of the high for the month of November
“ We continue to see a healthy number of listings coming onto the real estate market, which is a welcome relief from the low inventory earlier this year,” said RAHB CEO George O ’ Neill. “Although sales are down compared to last year, they are still higher than average, which means there are also still lots of buyers.
Seasonally adjusted sales of residential properties were 10.8 per cent lower than the same month last year, with the average sale price up 5.1 per cent for the month. Seasonally adjusted numbers of new listings were 15.6 per cent higher than November of 2016
Seasonally adjusted data for residential properties for the month of November , 2017:
Overall residential sales of 1,052 units were 16.6 percent lower than the same month last year. Residential freehold sales were 15.6 per cent lower than November of 2016 while sales of the condominium market were 20.7% lower than the same month last year.