January 05, 2021, Press Releases
The REALTORSÂ® Association of Hamilton-Burlington (RAHB) reported 913 sales of residential properties located within the RAHB market area in December 2020.
Real estate sales in Hamilton-Burlington were down 25.95% over last month, but up 41.6% over December of last year. The average price for residential properties was $729,853, which was up 1.04% from last month and up 25.4% from December 2019. The number of active listings available at the end of the month was 52.2% lower compared to the previous year.
Donna Bacher, RAHB president said that the market has slowed from November, which is normal due to the holiday season, as well as increasing COVID-19 cases throughout the province, and more regions in Ontario placed into lockdown throughout December.
â€œDespite being in either the Red Zone (Control) or Grey Zone (Lockdown) throughout December, we do not see the effects on the number of sales and new listings that we did in the spring lockdown. This activity could be the result of continued low interest rates, coupled with increasing consumer confidence due to the approval of the COVID-19 vaccine in Canada.â€, she added.
Untraditional year ends with an untraditional December: RAHB market saw a sizeable boost
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