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Market Update – March 2013

Market Update
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The REALTORS® Association of Hamilton-Burlington (RAHB) reported the average sale price for all property types in March was 10.8 per cent higher than same month last year while the volume of listings and sales continue to be lower than the same period last year, down 9.7% and 14.3% respectively.

If this trend continues we will be moving into a much more balanced market which will give buyers some much needed breathing room while making what is likely to be the single largest purchase they will have in their lifetime.

Chart created by Realtors Association of Hamilton Burlington (RAHB)

 

 

Average Sales Prices in Burlington (by area) – graphic created by Realtors Association Hamilton Burlington (RAHB)

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Originally published on April 11, 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.