{"id":2789,"date":"2017-07-06T21:51:31","date_gmt":"2017-07-07T01:51:31","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2789"},"modified":"2023-11-28T16:21:10","modified_gmt":"2023-11-28T21:21:10","slug":"hamilton-real-estate-june-stats-market-mixed-bag","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-june-stats-market-mixed-bag\/","title":{"rendered":"Hamilton Real Estate &#8211; June Stats &#8211; Market Mixed Bag&#8230;"},"content":{"rendered":"<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<a href=\"https:\/\/steveroblin.com\/hamiltonrealestate02-15\/judy-marsales-steve-roblin-rahb\/\" rel=\"attachment wp-att-1592\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1592\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2015\/02\/Judy-Marsales-Steve-Roblin-Rahb.gif\" alt=\"\" width=\"144\" height=\"120\"><\/a><br \/>\nPRESS RELEASE \u2013 For immediate release July 6, 2017 (Hamilton, Ontario)<br \/>\nThe REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 2,756 new listings were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in June which is 23.8 per cent higher than the same month last year and 28 per cent higher than the 10-year average.<br \/>\nSales were 21 per cent lower than the same month last year, and were 5.6 per cent lower than the 10-year average.<br \/>\n\u201cAfter months of seeing well-above-average sales, we now had a month where sales were a bit lower than the 10-year average,\u201d said RAHB CEO George O\u2019Neill. \u201cWith higher-than-average new listings coming onto the market in June, we\u2019ve seen a shift in the number of days on market as well as average sale price.\u201d<br \/>\nSeasonally adjusted* sales of residential properties were 20.8 per cent lower than the same month last year, with the average sale price up 8.6 per cent for the month. Seasonally adjusted numbers of new listings were 23.2 per cent higher than June of 2016.<br \/>\n<a href=\"https:\/\/steveroblin.com\/hamilton-real-estate-june-stats-market-mixed-bag\/screen-shot-2017-07-06-at-9-48-56-pm\/\" rel=\"attachment wp-att-2790\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2790\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2017\/07\/Screen-Shot-2017-07-06-at-9.48.56-PM-1024x270.png\" alt=\"\" width=\"1024\" height=\"270\"><\/a>\n<\/div>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\nOverall residential sales of 1,421 units were 20 per cent lower than the same month last year. Residential freehold sales were 22.7 per cent lower than June of 2016 while sales in the condominium market were 6.9 per cent lower than the same month last year.\n<\/div>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\nThe median price of freehold properties increased by 11.5 per cent over the same month last year while the median price for condominium properties increased by 17 per cent compared to the same period.<br \/>\nThe average price of freehold properties showed an increase of 9.1 per cent compared to June of last year; the average sale price in the condominium market increased by 18.9 per cent compared to the same period.<br \/>\nAverage sale price is based on the total dollar volume of all properties sold through the RAHB MLS\u00ae System. Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Contact a REALTOR\u00ae for information about your area or property.<br \/>\n\u201cThe average sale price has most certainly been affected by the higher number of listings on the market,\u201d noted O\u2019Neill. \u201cWith buyers having a bit more choice, there is more incentive for sellers to price their homes attractively. This shouldn\u2019t, however, be taken to mean that prices are seeing a huge drop. Even though the average price is down from last month, it is still a little over nine per cent higher than last year at this time.\u201d<br \/>\nThe average number of days on market decreased from 22 to 18 days in the freehold market and from 27 to 17 days in the condominium market, compared to June of last year. Compared to last month, average days on market rose from 16 days for both freehold and condominium properties.<br \/>\n\u201cThe average days on market has risen from a low of 14 days in April and 16 days last month, but is still considerably lower than it was last year in one of the most active markets we\u2019ve seen,\u201d added O\u2019Neill. \u201cProperties are still moving, but buyers now have a bit more time to consider their options.\u201d<br \/>\n<a href=\"https:\/\/steveroblin.com\/hamilton-real-estate-june-stats-market-mixed-bag\/screen-shot-2017-07-06-at-9-49-13-pm\/\" rel=\"attachment wp-att-2791\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2791\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2017\/07\/Screen-Shot-2017-07-06-at-9.49.13-PM-1024x608.png\" alt=\"\" width=\"1024\" height=\"608\"><\/a><br \/>\n<a href=\"https:\/\/steveroblin.com\/hamilton-real-estate-june-stats-market-mixed-bag\/screen-shot-2017-07-06-at-9-49-05-pm\/\" rel=\"attachment wp-att-2792\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-2792\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2017\/07\/Screen-Shot-2017-07-06-at-9.49.05-PM-1024x558.png\" alt=\"\" width=\"1024\" height=\"558\"><\/a><br \/>\n<a href=\"https:\/\/steveroblin.com\/hamilton-real-estate-november-2015-another-sales-record\/judymarsaleslogo\/\" rel=\"attachment wp-att-144\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-144\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2011\/01\/judymarsalesLOGO.jpg\" alt=\"\" width=\"228\" height=\"85\"><\/a>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PRESS RELEASE \u2013 For immediate release July 6, 2017 (Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 2,756 new listings were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in June which is 23.8 per cent higher than the same month last year and 28 per cent higher than the 10-year average. Sales [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2789","post","type-post","status-publish","format-standard","hentry","category-posts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hamilton Real Estate - June Stats - Market Mixed Bag... - Steve Roblin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/steveroblin.com\/hamilton-real-estate-june-stats-market-mixed-bag\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - June Stats - Market Mixed Bag... - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"PRESS RELEASE \u2013 For immediate release July 6, 2017 (Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 2,756 new listings were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in June which is 23.8 per cent higher than the same month last year and 28 per cent higher than the 10-year average. 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