Real Estate Market Statistics
Hamilton, Dundas, Ancaster,
Stoney Creek - April 2015
Looking for House & Home Values, House Prices & Current MLS Listings For Sale
The REALTORS® Association of Hamilton-Burlington (RAHB) reported a record 1,699 property sales processed through the RAHB Multiple Listing Service® (MLS® ) system in April. This represents a 15.7% increase in sales compared to April of last year, and smashes the old record of 1,660 all property sales set in May of 2014.
There were also an increase of 15.7% over last year for properties listed for sale with 2,379 properties listed in April. The end-of-month listing inventory was 8.7% lower than last April. The average days on market decreased from 34 to 27 days in the freehold market and from 35 to 33 days in the condominium market when compared to the same month the previous year.
What does that mean for Buyers? Be ready! Buying a home in this market requires planning and preparation. Many homes are selling well over the asking price, and some with no conditions. Get pre-approved, and not just an on-line approval based on some numbers you punch in. Talk to GOOD Mortgage Broker.
If you don't know who to talk to, ask me, and I will help put in touch with one of the trusted Mortgage Professionals I work with. This really has to be step one...that means no going to see houses till you know you have your Mortgage/Financial Options in place!
Let me help walk you through the process. Give me a call, or send me an e-mail so we can set up a time to talk.
Note: Numbers of sales represents sales reported on properties listed on the Multiple Listing Service (MLS) of the REALTORS Association of Hamilton-Burlington. Average sale price is calculated by dividing the total dollar volume of sales (not shown) by the number of sales in that month.
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