Market Update – February 2013

Market Update
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The REALTORS® Association ofHamilton‐Burlington (RAHB) reported today that the average sale price for all property types in February was 4.9 per cent higher than same month last year.  While prices continue to edge higher listings and sale are down 16.9% and 14.4% respectively from the same period last year.

There is much speculation in the news of a slowing market but at this point it is too early to tell.  My experience continues to be that if a home is priced well according to neighbourhood and market conditions and has been effectively prepared for sale through staging, de-cluttering and addressing maintenance items that buyers are ready and willing to make an offer.  This is evidenced through many multiple offer scenarios for properties throughout Burlington and Oakville.

RAHB Market Activity Chart – February 2013

Burlington Market Activity Chart – February 2013

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Originally published on March 6, 2013

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Written by Brandon Buller

Husband. Dad. Award-winning Real Estate Broker and Luxury Property Specialist with the Buller Real Estate Group at Keller Williams Edge Realty based in Burlington, Ontario, Canada.