There has been a major pick up in the real estate market in Burlington over the last few weeks. These stats will change next month. Sales declined across all property types compared to last year. However, condominium properties reported a modest decrease as higher interest rates have driven buyers to seek lower-priced homes. Contributing to the challenge is the pullback in new listings, leaving one month of supply across all property types in the area. Like other areas, prices across all... [read more]

MARKET SHIFTS TOWARD MORE BALANCED CONDITIONS IN JULY  INVENTORY LEVELS TREND UPWARDS   Hamilton, ON (August 1, 2023) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 806 sales across the region in July 2023, a decline of 332 sales over the previous month but a gain over levels reported in July 2022. The... [read more]

RAHB AREA HOME PRICES TREND UP LEADING INTO SPRING  SALES-TO-NEW LISTINGS RATIO CONTINUES TO RISE, SLOWING INVENTORY GAINS   Hamilton, ON (May 1, 2023) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,102 sales and 1,566 new listings in April. This marks the first time since early 2022 that the... [read more]

SLOWER SALES REPORTED ACROSS THE RAHB MARKET AREA   HIGHER-PRICED PROPERTIES DRIVING THE DECLINE IN SALES   Hamilton, ON (September 5, 2023) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 795 sales in August, down 78 compared to last August when we saw 873 sales. The decline represents a... [read more]

Hamilton, ON (March 2, 2023) – February closed out with 765 sales across the REALTORS® Association of Hamilton-Burlington (RAHB) market area, 37 per cent less than the same time the previous year. Much of the decline was felt in the higher end of the market as homes priced below $800,000 represented the majority of sales.   “Demand at the lower end of the market is increasing as higher interest rates impact affordability and attainability. Buyers have more... [read more]