{"id":2950,"date":"2017-11-03T14:39:53","date_gmt":"2017-11-03T18:39:53","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2950"},"modified":"2023-11-28T16:21:08","modified_gmt":"2023-11-28T21:21:08","slug":"hamilton-real-estate-october17","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-october17\/","title":{"rendered":"Hamilton Real Estate – October Statistics – Rebounding…"},"content":{"rendered":"
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MARKET BOUNCING BACK?<\/h1>\n

PRESS RELEASE \u2013 For immediate release November 3, 2017 (Hamilton, Ontario)
\nThe REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in October, 6.5 per cent fewer than the same month last year and 10.9 per cent higher than the 10-year average.
\nAll property listings were 12.2 per cent higher than the same month last year, 14.3 per cent higher than the 10-year average, and set a new record for the month of October.
\n\u201cWe are continuing to see more listings come onto the market after the severe shortage we saw earlier this year,\u201d said RAHB CEO George O\u2019Neill. \u201cSales have also rebounded a bit after the lower sales we saw over the last three months, resulting in a sales-to-new-listing ratio at 69 per cent in the residential market. After a few months in a more balanced market, we have just had a month where we moved to the lower end of a seller\u2019s market again. We don\u2019t know if this one month is indicative of a shift in the market or just a one-month result.\u201d
\nSeasonally adjusted* sales of residential properties were 18.7 per cent lower than the same month last year, with the average sale price up four per cent for the month. Seasonally adjusted numbers of new listings were 17.1 per cent higher than October of 2016.\n<\/p><\/div>\n<\/div>\n<\/div>\n

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\nOverall residential sales of 1,272 units were 4.9 per cent lower than the same month last year. Residential freehold sales were 12 per cent lower than October of 2016 while sales in the condominium market were 23.6 per cent higher than the same month last year.
\nThe median price of freehold properties increased by 9.5 per cent over the same month last year while the median price for condominium properties increased by 2.4 per cent compared to the same period.
\nThe average price of freehold properties showed an increase of 11.4 per cent compared to October of last year; the average sale price in the condominium market increased by 3.9 per cent compared to the same period.
\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.
\nThe average number of days on market increased to 31 days from 22 days in the freehold market and increased to 27 days from 24 days in the condominium market, compared to October of last year.
\n\u201cOne of the unknowns right now is how new mortgage guidelines coming into effect January 1, 2018 may influence listings and sales over the next two months,\u201d noted O\u2019Neill. \u201cBuyers and sellers who are contemplating buying or listing their home in the near future should contact a REALTOR\u00ae to find out how the new guidelines may affect them.\u201d\n<\/div>\n<\/div>\n<\/div>\n

 
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For a current explanation of the market in your area of interest, please contact me anytime.
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MARKET BOUNCING BACK? PRESS RELEASE \u2013 For immediate release November 3, 2017 (Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in October, 6.5 per cent fewer than the same month last year and 10.9 per cent higher than the 10-year average. All […]<\/p>\n","protected":false},"author":3,"featured_media":1592,"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-2950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - October Statistics - Rebounding... - 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-october17\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - October Statistics - Rebounding... - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"MARKET BOUNCING BACK? PRESS RELEASE \u2013 For immediate release November 3, 2017 (Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in October, 6.5 per cent fewer than the same month last year and 10.9 per cent higher than the 10-year average. 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