{"id":2956,"date":"2017-12-05T10:42:40","date_gmt":"2017-12-05T15:42:40","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2956"},"modified":"2023-11-28T16:21:07","modified_gmt":"2023-11-28T21:21:07","slug":"hamiltonrealestate-1117","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamiltonrealestate-1117\/","title":{"rendered":"Hamilton Real Estate – November Statistics – Listings, Listings, Listings!"},"content":{"rendered":"
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MORE LISTINGS FOR HOME BUYERS <\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n
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\nDecember 5 , 2017 ( Hamilton, Ontario )\n<\/div>\n<\/div>\n<\/div>\n
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\nThe REALTORS \u00ae Association of Hamilton – Burlington (RAHB) reported 1,096 sales were processed through the RAHB Multiple Listing Service \u00ae (MLS \u00ae ) System in November, 16.7 per cent fewer than the same month last year but 3.3 percent higher than the 10 – year average .\n<\/div>\n<\/div>\n<\/div>\n
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\nAll 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  \n<\/div>\n<\/div>\n<\/div>\n
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\n\u201c 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,\u201d said RAHB CEO George O \u2019 Neill. \u201cAlthough sales are down compared to last year, they are still higher than average, which means there are also still lots of buyers. \n<\/div>\n<\/div>\n<\/div>\n
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\nSeasonally 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  \n<\/div>\n<\/div>\n<\/div>\n
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\nSeasonally adjusted data for residential properties for the month of November , 2017:
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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. \n<\/p><\/div>\n

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\nThe median price of freehold properties increased by 4.8 per cent over the same month last year while the median price for condominium properties in creased by 7.5 per cent compared to the same period.\n<\/div>\n<\/div>\n<\/div>\n
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\nThe average price of freehold properties showed an increase of 3.6 per cent compared to November of last year; the average sale price in the condominium market in creased by 7.6 per cent compared to the same period.\n<\/div>\n<\/div>\n<\/div>\n
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\n\u201cTwo months ago, in September, we saw a dip in what had been a weakening seller\u2019s market, and then a bit of a rebound in October as is often expected . This past month, in November, the sales – to – new – listing ratio was around 67 per cent over the entire month , but is now trending downward toward a balanced market.\u201d\n<\/div>\n<\/div>\n<\/div>\n
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\nThe average number of days on market in creased to 37 days from 25 days in the freehold market and in creased to 36 days from 26 days in the condominium market, compared to November of last year.\n<\/div>\n<\/div>\n<\/div>\n
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\n\u201cNow that we are going into the year – end holiday season, we expect to see a bit of a lull \u2013 that is the traditional rhythm of the real estate market,\u201d noted O\u2019Neill. \u201cWe continue to urge buyers and sellers to contact a REALTOR\u00ae to learn more about new mortgage guidelines coming into effect on January 1, 2018 \u2013 the new guidelines may affect their purchase or sale.\u201d\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Every community in RAHB\u2019s market area has its own localized market. Call me anytime for specific sales data for your local area of interest. <\/div>\n<\/div>\n
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    MORE LISTINGS FOR HOME BUYERS  December 5 , 2017 ( Hamilton, Ontario ) The REALTORS \u00ae Association of Hamilton – Burlington (RAHB) reported 1,096 sales were processed through the RAHB Multiple Listing Service \u00ae (MLS \u00ae ) System in November, 16.7 per cent fewer than the same month last year but 3.3 percent […]<\/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-2956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - November Statistics - Listings, Listings, Listings! 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