Current Market Statistics

residential-market-activity-oct-2018-hamThe chart above, Residential Market Activity for RAHB Areas, shows how much the average price has changed and how much each area has changed since last year at this time. The hot areas for October remain the same, Hamilton Centre and the Hamilton Mountain. 

average residential price by district hamilton oct 2018

The Average Residential Price by District graph indicates to us that the areas from Hamilton Bay to the escarpment are doing well (sub areas, 16, 18, 28 & 28). You're also able to see the average cost of a home for the month of October in each area. 

all-residential-comparision-at-a-glance-oct-18

By taking a look at the All Residential Comparison at a Glance chart. We see that major areas within RAHB’s market are isolated, Hamilton, Burlington Haldimand County. They all saw an increase in overall average sale price. However, Niagara North experienced a decrease in overall average price. It's also important to note that there was an increase in average sale price for all property styles in each of the four RAHB market areas.

RAHB reported 1,035 sales of residential properties and a 13.1% decrease over the same month last year, the average sale price increased by 5.9%. The Sales to New Listing Ratio was 60.1% - indicating that the overall residential market for the RAHB area is in a balanced position. 

“The single family market in the overall RAHB area remains in a balanced position, with a good inventory of homes for those looking for a detached property.” – RAHB CEO George O’Neill

For more in-depth statistics and additional metrics, please refer to RAHB's Residential Market and MLS Home Price Index Report for October 2018. 

If you're thinking of selling your home and want to get a better idea of what it will cost, you can use our "What's My Home Worth" calculator. Then you'll want to get in contact with one of our agents. They will be happy to go over the market stats with you and discuss possible next steps.

Residential Market Activity RAHB areas Oct 2018

The chart above, Residential Market Activity for RAHB Areas, illustrates how much the average price has changed and it's showing us how much each area has changed since last year at this time. The hot areas remain Hamilton Centre and the Hamilton Mountain. 

Average Residential Price by District Hamilton Oct 2018

The Average Residential Price by District graph indicates to us that the areas from Hamilton Bay to the escarpment are doing well (sub areas, 13, 14, 21 & 22). And that they continue to remain a hot area. You're also able to see the average cost of a home for the month of September in each area. 

Residential Market at a Glance Oct 2018

By taking a look at the All Residential Comparison at a Glance chart, we can see that major areas within the RAHB's market are isolated, those areas being Hamilton and Haldimand county. They both saw an increase overall in average sale price. While Burlington and Niagara North experience a decrease in overall sale price.

RAHB reported 948 sales of residential properties and a 4.6% increase over the same month last year. And that The Sales to New Listing Ratio was 50.1% - indicating that the overall residential market for the RAHB area is in a balanced position. 

Contact one of our Hamilton Area REALTORS® to assist with properly interpreting the latest Hamilton Real Estate Market Statistical Information in order to enable you to make the best decision.

For more in-depth statistics and additional metrics, please refer to RAHB's Hamilton Residential Market Activity Report for September 2018.

And if you're thinking of selling your home and want to get a better idea of what it will cost, you can use our "What's My Home Worth" calculator. Then you'll want to get in contact with one of our agents. They will be happy to go over the market stats with you and discuss possible next steps.

Real Estate News

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DateHeadline/Summary
Nov 05 RAHB REALTORS® Release October Statistics
(Nov 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,035 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in October, 2018. This is a 13.1 per cent decrease from the same month last year. Year to date, sales are 17.7 per cent lower than last year at this same time. The sales-to-new-listings ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent) was 60.1 per cent. This is higher than last month and on the cusp of returning to a seller's market. For comparison, in October 2017 the ratio was 65.5 per cent.
Oct 03 RAHB REALTORS® Release September Statistics
(Oct 3, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 948 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in September, 2018.This is a 4.6 per cent increase over the same month last year. Year to date, sales are 18.8 per cent lower than last year at this same time. The Sales to New Listings Ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent) was 50.1 per cent. This indicates the overall residential market for the RAHB area is in a balanced position (between 40 to 60 per cent). Last year for September, the ratio was at 43.7 per cent - still considered balanced but trending towards a buyers' market.
Sep 06 RAHB REALTORS® Release August Statistics
(Sep 6, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,089 residential sales were processed through the RAHB Multiple Listing Service® (MLS®) System in August, 2018, less than one percent more than the same month last year and 2.9 per cent fewer than the 10-year average for the month. Residential freehold sales were exactly the same as August of last year, while condominium sales were 2.9 per cent higher. New residential listings were three per cent lower than the same month last year, and 4.5 per cent lower than the 10-year average.
Aug 03 RAHB REALTORS® Release July Statistics
(Aug 3, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,072 residential sales were processed through the RAHB Multiple Listing Service® (MLS®) System in July 2018, 4.7 per cent fewer than the same month last year and 16.3 per cent fewer than the 10-year average for the month. Residential freehold sales were 3.2 per cent lower, and condominium sales were 11.5 per cent lower, than July last year. New residential listings were 8.4 per cent lower than the same month last year, but 1.5 per cent higher than the 10-year average.
Jul 05 RAHB REALTORS® Release June Statistics
(Jul 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,257 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in June, 14.2 per cent fewer than the same month last year and 19.2 per cent fewer than the 10-year average for the month. All property listings were 19 per cent lower than the same month last year, but 1.1 per cent higher than the 10-year average. Residential sales were 13.7 per cent lower than June of last year, with residential freehold sales 13.3 per cent lower and condominium sales 15.6 per cent lower than the same month last year.
Jun 05 RAHB REALTORS® Release May Statistics
(Jun 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in May, 27 per cent fewer than the same month last year and 18 per cent fewer than the 10-year average for the month. All property listings were 19.8 per cent lower than the same month last year, but 5.4 per cent higher than the 10-year average.
May 03 RAHB REALTORS® Release April Statistics
(May 3, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,185 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in April, 32.4 per cent fewer than the same month last year and 21.7 per cent fewer than the 10-year average for the month. All property listings were 10.5 per cent lower than the same month last year and 5.2 per cent lower than the 10-year average.
Apr 04 RAHB REALTORS® Release March Statistics
(April 4, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,099 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in March, 38.6 per cent fewer than the same month last year and 18 per cent fewer than the 10-year average for the month. All property listings were 13.5 per cent lower than the same month last year and 8.1 per cent lower than the 10-year average.
Mar 05 Slowdown in February 2018 Market
(March 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 779 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in February, 40.3 per cent fewer than the same month last year and 25.7 per cent lower than the 10-year average for the month. All property listings were 15 per cent lower than the same month last year and 21.4 per cent lower than the 10-year average.
Feb 05 Mid-Winter Chill on January 2018 Sales
(February 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 660 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in January, 27.2 per cent fewer than the same month last year and 12.5 per cent lower than the 10-year average for the month. All property listings were 6.3 per cent higher than the same month last year and 22.3 per cent lower than the 10-year average.
Jan 19 Market Turnaround in 2017
(January 19, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington reported 15,565 all-property sales through the Association's Multiple Listing Service® (MLS®) System in 2017, 5.9 per cent fewer sales than in the record-breaking 2016. Even while sales were down from the previous year, the total dollar volume of sales reached a new high of $8.972 billion, which resulted in a 14.4 per cent increase in all-property average sale price for the year.
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