Market Springs Ahead
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,032 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® System in the month of March. This is a 1.2 percent drop from March 2018; however, a 40 percent increase over February 2019 and a 74 percent increase over January 2019. The average price was up from March 2018 by 4.9 percent to $575,099.
“The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market,” says RAHB CEO George O’Neill. “We experienced a two percent increase in the number of listings over last year, which means more overall choice for buyers.”
The number of sales for single family properties within the entire RAHB market fell by 2.7 percent compared to the same month last year, and the average sale price increased by 5.6 percent. Townhouse sales activity across the entire RAHB market area increased from March 2018 by 8.6 percent, while the average townhouse sale price rose by 1.2 percent.
Apartment-style property sales were exactly the same as in March 2018, and the average price increased by 3.5 percent to $376,391.
What’s moving in your specific corner of town, and for how much? There’s one easy way to find out — please call today for your complimentary, no-obligation local market update!