February 02, 2021, Press Releases
The REALTORSÂ® Association of Hamilton-Burlington (RAHB) reported 825 sales of residential properties located within the RAHB market area in January 2021.
Real estate sales in Hamilton-Burlington were down 9.6% over last month, but up 6.9% over January of last year. The average price for residential properties was $787,840, which was up 7.9% from last month and up 27.6% from January 2020. The number of active listings available at the end of the month was 53.2% lower than the previous period in 2020.
Donna Bacher, RAHB president said that there was an increase in sales activity in the RAHB market area last month, compared to January 2020, despite a decline in new listings
â€œOur sales to listings ratio of 81.6%, second only to January 2017, tells us that the RAHB market area is firmly in a sellerâ€™s market. This yearâ€™s decline in new listings builds off the back of the pre-pandemic drop in new listings and inventory levels we experienced in January 2020. In addition, now many homeowners may not be interested in or even able to move their households due to the pandemic, adding to our inventory woesâ€, she added.
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