September 2, 2020 by Press Releases

1,272 sales of residential properties has been reported by REALTORS® Association of Hamilton-Burlington (RAHB) within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in August 2020. New listings are down 16.1 per cent over July 2020 and up 7.3 per cent over last August. The average price for residential properties was $694,690, which is up 0.24 per cent from last month and up 16.3 per cent from August 2019. The number of active listings for the month was down 18.6 per cent over last year.

The number of sales for single family properties within the entire RAHB market increased by 10.8 per cent compared to the same month last year, the number of new listings was up by 4.7 per cent over last year, and the average sale price increased by 19.9 per cent. Townhouse sales activity across the entire RAHB market area increased from August 2019 by 6.6 per cent, new listings were up 2.6 per cent, and the townhouse average sale price increased by 12.5 per cent to $583,762. Apartment-style property sales increased by 52.5 per cent from August 2019, new listings increased by 33.1 per cent, and the average price decreased by 0.4 per cent.

TYPICAL AUGUST MARKET IN A YEAR THAT IS NOT

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