Thursday 4 June 2015

Another record month for local real estate sales

The REALTORS® Association of Hamilton-Burlington (RAHB) just reported that May was another new all-time record for sales in the local jurisdiction*, already breaking the new record set in April.

At the same time, listing inventory in RAHB's MLS® database continues to be down 8.9% at the end of the month compared to the same time last year, despite a recent increase in listing activity.

As I said, a few days ago, this keeps the local market in a position that favors sellers and can make things a bit tough for buyers.  Patience, prudence, and maybe a little faith, are going to be important for buyers as they face a fast-paced and competitive market.

To read the full report from RAHB, [click here].

* RAHB's official jurisdiction stretches from Burlington down to Dunnville and area, between the Norfolk and Niagara regions.

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