Residential condominium market shines in October
(November 4, 2011 – Hamilton, Ontario) The real estate market in the Greater Hamilton, Burlington and outlying areas continued to show increases in listings, sales and average sale price when compared to the same month last year, according to Multiple Listing Service® (MLS®) statistics released today by the REALTORS® Association of Hamilton-Burlington (RAHB).
The residential condominium market saw the largest gain with an 11.8 per cent increase in the number of sales when compared to October of last year. The same market also saw a 5.9 per cent increase in average sale price over the same month last year. The 199 condominium sales were better than the ten- year average of 194 sales for the month.
In the residential freehold market, sales were up less than one per cent over the same month last year and average sale price was up 5.1 per cent.
Listings were up over both last year and the 10-year average in all sectors.
See the full report October 2011 Market Stats