(November 5, 2015 – Hamilton, Ontario)  The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,421 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in October.  Sales were 13 per cent higher than the same month last year, 25.8 per cent higher than the 10-year average, and were a record for the month of October.  This is the third month in a row where records for monthly sales have been broken.

There were 1,811 properties listed in October, a decrease of 1.4 per cent compared to October of last year.

“The Fall real estate market just keeps going in our area,” said RAHB CEO George O’Neill. “October is often a good month for sales, but it’s not usually this good.”

Seasonally adjusted* sales of residential properties were 18.9 per cent higher than the same month of the previous year, with the average sale price up 6.8 per cent for the month.  Seasonally adjusted numbers of new listings were 1.7 per cent higher than the same month the year prior.

Seasonally adjusted data for residential properties for the month of October, 2015: