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Real Estate and Mortgage News

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DateHeadline/Summary
Jul 05 RAHB MLS® Home Sales Post Third Best June on Record as Supply Continues to Fall
(Jul 5, 2021 - Hamilton, Ontario) The number of homes sold through the MLS® System of the REALTORS® Association of Hamilton-Burlington (RAHB) totaled 1,607 units in June 2021. This was an advance of nearly 10 per cent from June 2020. Home sales were 14 per cent above the five-year average and 11 per cent above the 10-year average for the month of June. On a year-to-date basis, home sales totaled a record 9,518 units over the first six months of the year. This was up sharply by 57 per cent from the same period in 2020.
Jun 03 RAHB Market Area Saw Slight Decrease in Sales Activity and Average Price in May Compared to the Previous Month
(Jun 3, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,811 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in May 2021. While sales were down five per cent since last month, they were up 90 per cent since May 2020. New listings were down 14 per cent since last month and up 73 per cent as of last May. The average price for residential properties was $843,468 which was down one per cent from last month and up 29 per cent from May 2020. The inventory available at the end of the month was 0.6 per cent lower than last month.
May 04 RAHB Market Area Seeing Signs of Stabalization
(May 4, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,906 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2021. While sales were down eight per cent since last month, they were up 245 per cent since April 2020. New listings were down three per cent since last month and up 191 per cent as of last April. The average price for residential properties was $855,455 which was down two per cent from last month and up 39 per cent from April 2020. The inventory available at the end of the month was 23 per cent higher than last month.
Apr 06 Sales and New Listings Skyrocket in March
(Apr 6, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 2,074 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in March 2021. Sales were up 63 per cent since last month and up 73.1 per cent since March of last year. New listings were up 65 per cent since last month and up 53 per cent as of last March. The average price for residential properties was $872,368 which was up three per cent from last month and up 32 per cent from March 2020. The inventory available at the end of the month was 39 per cent lower than the previous period in 2020.
Mar 02 Average Price Continues to Grow Amidst Pandemic-Induced Market Conditions
(Mar 2, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,271 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in February 2021. Sales were up 54 per cent since last month and up 14.9 per cent since February of last year. New listings were up 61.9 per cent since January 2021 and up 12.2 per cent as of last February. The average price for residential properties was $848,719 which was up 7.7 per cent from last month and up 29.5 per cent from February 2020. The number of active listings available at the end of the month was 44.1 per cent lower than the previous period in 2020.
Feb 02 RAHB Market Area Sees Double Digit Year-Over-Year Increase in Average Sale Price
(Feb 2, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 825 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in January 2021. Sales were down 9.6 per cent over last month but up 6.9 per cent over January of last year. New listings were up 47.3 per cent over December 2020 and down 16.2 per cent over last January. The average price for residential properties was $787,840, which was up 7.9 per cent from last month and up 27.6 per cent from January 2020. The number of active listings available at the end of the month was 53.2 per cent lower than the previous period in 2020.
Jan 26 RAHB REALTORS® Release 2020 Year-End Statistics: RAHB Market Exceeds Expectations
(Jan 26, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 14,863 sales of residential properties processed through the Multiple Listing Service® (MLS®) System in 2020. This is an 8.4 per cent increase from 2019. The average price of a residential property in 2020 was $690,002. This is up 16.8 per cent from 2019. The average price in 2010 was $310,258 which represents a 125.4 per cent increase. New residential listings were down 7.6 per cent compared to 2019. "After a slight slowdown in March and April, the RAHB real estate market rebounded with abundance, creating record break numbers throughout 2020," says RAHB's 2021 President, Donna Bacher. "The 2020 real estate market was faced with uncertainly; however, RAHB REALTORS® worked together to ensure that the buying process was done safely and efficiently. Looking to 2021, we don't know what the future holds; we do know for certain that RAHB REALTORS® will continue to work diligently to keep both buyers and sellers safe."
Jan 05 Untraditional year ends with an untraditional December: RAHB market saw a sizeable boost
(Jan 5, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) eported 913 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December 2020. Sales were down 25.95 per cent over last month, but up 41.6 per cent over December of last year. New listings were down 47.87 per cent over November 2020 and up 34 per cent over last December. The average price for residential properties was $729,853, which was up 1.04 per cent from last month and up 25.4 per cent from December 2019. The number of active listings available at the end of the month was 52.2 per cent lower compared to the previous year.
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