(May 6, 2014 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1474 property sales were processed through the RAHB Multiple Listing Service® (MLS®) system in April. This represents a 2.7 per cent decrease in sales compared to April of last year. There were 2252 properties listed in April, an increase of 1.6 per cent over the same month last year. End-of-month listing inventory was 9.3 per cent lower than last year at the same time.
“Listing activity picked up through the month of April,” said RAHB CEO Ross Godsoe, “and was actually a little above average for the month of April for the last ten years. Sales were about five per cent above the 10-year average, even though they are lower than April a year ago.”
Seasonally adjusted* sales of residential properties were 2.6 per cent higher than the same month last year, with the average sale price up 7.3 per cent for the month. Seasonally adjusted numbers of new listings were 5.7 per cent higher than the same month last year. Seasonally adjusted data for residential properties for the month of April 2014:
“Properties continue to move well and aren’t spending as much time on the market as last year, or even last month,” added Godsoe. “We were commenting on the low inventory last year at the same time, and this year the listing inventory is even lower. Buyers will need to take that into consideration as they look for a home this spring.”
If you’ve been thinking about making a move this means that your home will likely sell fast and for TOP DOLLAR! If you are interested in knowing what the current market has done to your home value, please call us at 905-297-4885.