Here’s What Happened
For Jan to June 2019
June 2019 had 1209 Residential Listings come through the Hamilton Real Estate Board which was slightly lower than June 2018 (1252) as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Burlington is also down from last year, by 4% with only 414 New Listings (431 in June 2018).
Residential Sales located throughout the RAHB market area (including Burlington and all outlying areas covered by RAHB) of 1203 Properties were up this month, a 4.2% increase from the same month last year and down 10.5% over May 2019 and down 1.9% over April 2019. Residential Sales in Hamilton (which includes Hamilton plus Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 789 of that total. The Average Hamilton Residential Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS) system in June 2019 was $538,106 up 5% from the same month last year. Burlington is down 5% to $786,667. The end of month listing inventory shows 1656 Active Residential Listings, giving Hamilton 1.9 months of inventory, which is down 10% compared to 1846Properties still available for sale at the end of June last year which was 2.6 months of inventory. Burlington has 1.9 months of inventory (down 109%) with 541 active listings for sale. Average days on the market decreased from 27.5 to 25.5 this month for Hamilton, and also decreased in Burlington from 28 to 25.
Properties Sold Jan – June 2019 vs. 2018
|RAHB Market Activity||Number Of Sales YTD 2019||Number of Sales YTD 2018||Average Sale Price YTD 2019||Average Sale Price YTD 2018|
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.