RAHB MARKET AREA SEEING SIGNS OF STABALIZATION
ACTIVE LISTINGS CONTINUE TO SEE HEALTHY GROWTH MONTH-TO-MONTH
Hamilton, ON (May 4, 2021) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,906 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2021. While sales were down eight per cent since last month, they were up 245 per cent since April 2020. New listings were down three per cent since last month and up 191 per cent as of last April. The average price for residential properties was $855,455 which was down two per cent from last month and up 39 per cent from April 2020. The inventory available at the end of the month was 23 per cent higher than last month.
Townhouses and apartments doing well
The number of sales of townhomes in the RAHB market area decreased by 13 per cent in April 2021 compared to March 2021. The number of new listings of townhomes was down six per cent, and the average sale price decreased by three per cent to $712,822 from last month. The number of active listings for townhomes has increased by 21 per cent compared to March 2021.
The number of sales of apartment-style properties in the RAHB market area decreased by two per cent in April 2021 compared to March 2021. Compared to last month, April 2021 saw the number of new apartment-style listings increase by two per cent, and the average sale price increased by three per cent to $533,373.
Market Activity by area
Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Neighbourhoods vary and, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.
Follow the links below for:
- Residential Market Activity for RAHB Area
- RAHB Residential Market At A Glance
- RAHB Residential Activity Map
- Residential Market Activity Table for Burlington
- Residential Market Activity Table for Hamilton
- Residential Market Activity Table for Haldimand
- Residential Market Activity Table for Niagara North
- Commercial Market Activity Table for RAHB Areas
*Please note: The overall RAHB residential average price is calculated by dividing the sum of all residential sale prices by the total number of residential sales