The numbers are in and November was a hot month. In fact, I personally had my best November ever – it’s a good thing to be busy.
The average sale price in Burlington rose by 6.18% (chart 1) over the same month last year and is up 9.94% YTD. The general market area served by the Realtor’s Association of Hamilton Burlington (RAHB) continues to see rising average sale prices over last year as well.
Although the actual number of sales that took place in Burlington in the month of November is slightly lower than for the same month last year as you can see from (chart 2) we are right in line with the 10-year average for this time of year.
In a release on December 5, 2012 RAHB President, Cameron Nolan said:
Our sales-to-listings ratio for the month of November was 85.4 per cent” said Nolan. “This is the same ratio we saw for the same month last year. Statistically, this indicates a very strong seller’s market for the month.
If you would like more information or have any questions about the Real Estate market in your area, give me a call or send me an email, I would be happy to help.