Average Sale Price Continues to Rise
(March 6, 2012 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1126 property sales through the RAHB Multiple Listing Service® (MLS®) for the month of February, a 4.9 per cent increase in sales over the same month last year. RAHB also reported a 9.2 per cent increase in average sale price and an 8.3 per cent increase in the number of new listings in the month of February this year compared to February of last year.
Seasonally adjusted* sales of all property types were virtually the same as February 2011, with the average sale price increasing 7.9 per cent for the month. Seasonally adjusted numbers of new listings, however, were 14.5 per cent lower from the same month last year.