Condominium Market in March: More Sales and Fewer Listings
(April 5, 2012 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1365 property sales through the RAHB Multiple Listing Service® (MLS®) for the month of March. RAHB also reported a 6.9 per cent increase in average sale price for the month compared to March of last year.First quarter sales of all property types were 2.4 per cent higher than the first quarter of 2011 and average sale price was 7.1 per cent higher than the same period last year. The end-of-period listing inventory was 14.5 per cent lower than last year. First quarter residential sales were 2.9 per cent higher than 2011.Seasonally adjusted* sales of residential properties were 2.5 per cent higher than the same month last year, with the average sale price increasing 8 per cent for the month. Seasonally adjusted numbers of new listings, however, were 8.7 per cent lower than the same month last year.Click here for the full media release including the charts for Seasonally Adjusted Residential Only, All property types, Residential only-Actual, Freehold only-Actual, Condominium only-Actual and Commercial - Actual.Click here for the Residential Real Estate Market Activity chart for the City of Hamilton.Click here for the Residential Real Estate Market Activity chart for Burlington.
REALTORS® Associationof Hamilton-Burlington
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