November 3, 2020, Press Releases

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,615 sales of residential properties located within the RAHB market area in October 2020. 

Real estate sales in Hamilton-Burlington were down 7.6% over last month and up 23.7% over October of last year. The average price for residential properties was $721,523, which was up 0.02% from last month and up 19.8% from October 2019. The number of active listings available at the end of the month was 39.8% lower compared to the previous year.

Kathy Della-Nebbia, RAHB president said the trends this fall are not reminiscent of what has been seen in the past, noting that due to the pandemic, 2020 has not been a typical year.

“As a result of COVID-19, we experienced a delayed spring market and a surge in record activity over the summer months when the province began to reopen,” she said. “As a result of this unstable year, active listings at the end of each month are some of the lowest we’ve seen, exacerbating low inventory levels and continuing to drive average price.”

Historically low active listings continue in October

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