The REALTORS® Association of Hamilton-Burlington (RAHB)reported 1,748 new listings were processed through the RAHB Multiple Listing Service® (MLS®) System in August, which is 5.4 per cent higher than the same month last year and 4.2 per cent higher than the 10-year average.
All property sales were 18.4 per cent lower than the same month last year, and 3.2 per cent lower than the 10-year average.
“The tendency toward a more balanced market that we have seen over the last few months has continued into August,” said RAHB CEO George O’Neill. “The sales to new listings ratio is at just over 65 per cent, which is still in the low end of a seller’s market, but much closer to balance than earlier this year.”
Seasonally adjusted* sales of residential properties were 18.3 per cent lower than the same month last year, with the average sale price up 11.7 per cent for the month. Seasonally adjusted numbers of new listings were 6.1 per cent higher than August of 2016.

The median price of freehold properties increased by 13.2 per cent over the same month last year while the median price for condominium properties increased by 20.9 per cent compared to the same period.
The average price of freehold properties showed an increase of 11.7 per cent compared to August of last year; the average sale price in the condominium market increased by 14.6 per cent compared to the same period.
“The median and average prices continued to rise,” noted O’Neill. “There had been speculation that with more listings on the market and fewer sales, prices would decrease as a result. That is not the experience in our market area – at least not so far.”
Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® 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® for information about your area or property.
The average number of days on market increased to 33 days from 27 days in the freehold market and increased to 29 days from 27 days in the condominium market, compared to August of last year. Compared to last month, average days on market rose from 25 days for both freehold properties and condominiums.
Every community in RAHB’s market area has its own localized market. Refer to the accompanying chart, and please ensure you contact a local REALTOR® for professional advice.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data. 

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SALES SET RECORD FOR DECEMBER PRESS RELEASE – For immediate release January 5, 2017 (Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 904 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in December. Sales were 13.1 per cent higher than the same month last year and set a new high for the month of December. This was the sixth month in 2016 to see a new monthly sales record. There were 714 properties listed in December, an increase of 3.8 per cent compared to December of last year and right on the 10-year average for new listings in the month. “Consumers were shopping for more than Boxing Day sales this year,” said RAHB CEO George O’Neill. “December sales broke the record for December set only last year. The record sales for the month coupled with an average number of new listings means we are going into the new year with low inventory.” Seasonally adjusted* sales of residential properties were 5.5 per cent higher than the same month last year, with the average sale price up 13.7per cent for the month. Seasonally adjusted numbers of new listings were 1.1 per cent lower than December of 2015. Seasonally adjusted data for residential properties for the month of December, 2016: Seasonally Adjusted Percentage Change Compared To RESIDENTIAL ONLY DEC/16 NOV/16 OCT/16 SEP/16 AUG/16 DEC/15 New Listings 1,485 -8.3% -2.7% 2.1% 3.8% -1.1% Sales 1,176 1.0% -6.4% 5.7% 4.7% 5.5% Average Sale Price $515,001 -1.0% 0.6% 0.5% 2.6% 13.7% Overall residential sales of 849 units were 13.4 per cent higher than the same month last year. Residential freehold sales were 7.9 per cent higher than December of 2015 while sales in the condominium market were 36.9 per cent higher than the same month last year. 505 York Boulevard, Hamilton, Ontario, L8R 3K4 • T: 905.529.8101 • F: 905.529.4349 • info@rahb.ca • www.rahb.ca Empowering REALTORS® to succeed since 1921 2 The median price of freehold properties increased by 18.4 per cent over the same month last year while the median price for condominium properties decreased by 15.7 per cent compared to the same period. The average price of freehold properties showed an increase of 15.5 per cent compared to December of last year; the average sale price in the condominium market decreased by 5.6 per cent when compared to the same period. Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® 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® for information about your area or property. The average number of days on market decreased from 41 to 30 days in the freehold market and from 36 to 17 days in the condominium market, compared to December of last year. “Clearly, home buyers – whether they are local or from outside our market area - are finding the Greater Hamilton-Burlington area an excellent place to invest their home-buying dollars,” added O’Neill. 

The full report is available here for download,

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,409 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in August. Sales were 9.2 per cent higher than the same month last year, and set a new record for sales in the month of August. There were 1,645 properties listed in August, a decrease of 10.8 per cent compared to August of last year. “The record sales in August 2016 came in on top of the record sales of August 2015. This is the third month this year (March, May 2016) that monthly sales have been record-breaking,” said RAHB CEO George O’Neill. “Once again we are seeing very strong sales while the number of listings remains low, leaving us firmly in a seller’s market.” Seasonally adjusted* sales of residential properties were 4 per cent lower than the same month last year, with the average sale price up 6.2 per cent for the month. Seasonally adjusted numbers of new listings were 15.6 per cent lower than August of 2015.

​Actual overall residential sales of 1,334 units were 7.4 per cent higher than the same month last year. Residential freehold sales were 9 per cent higher than August of 2015 while sales in the condominium market were virtually the same as the same month last year. The median price of freehold properties increased by 17 per cent over the same month last year while the median price for condominium properties increased by 19.4 per cent compared to the same period. The average price of freehold properties showed an increase of 5.1 per cent compared to August of last year; the average sale price in the condominium market increased by 19.3 per cent when compared to the same period. Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® 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® for information about your area or property. The average days on market decreased from 35 to 27 days in the freehold market and from 38 to 27 days in the condominium market, compared to August of last year. “The average days on market for residential properties (27) has increased a bit from the 22 to 25 days seen April through July, and that’s a seasonal trend,” noted RAHB President Kim Alvarez. “What is noteworthy, however, is that those numbers compare to 28 to 36 average days on market last year for those same months. Properties are moving much more quickly this year.”