April 06, 2021, Press Releases
The REALTORSÂ® Association of Hamilton-Burlington (RAHB) reported 2,074 sales of residential properties located within the RAHB market area in March 2021.
Real estate sales in Hamilton-Burlington were up 63% since last month and up 73.1% since March of last year. New listings were up 65% since last month and up 53% as of last March.
The average price for residential properties was $872,368, which was up 3% from last month and up 32 % from March 2020. The inventory available at the end of the month was 39 % lower than the previous period in 2020.
Donna Bacher, RAHB president, said that the RAHB market area was close to record-breaking activity with a 63% increase in sales, a 65% increase in new listings and an overall increase in inventory by 27% since last month.
â€œWith the spring housing market upon us and the vaccine rollout ramping up, it appears more homeowners are feeling comfortable listing their home, and we have started to observe an upturn of active listings. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing March 2021 to March 2020â€, she added.
What does this mean?
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