Hamilton real estate sees new sales record in August

Accord to information released by the REALTORS® Association of Hamilton-Burlington (RAHB), the hot Hamilton real estate market has done it again, with another new sales record.  BUT this time it is only a record for the month of August, not an over all record.

Sales in August saw a 7.9% increase over the same month last year.  At the same time, news listings in August increased by 16.7% over last year.  This increase in listing activity is promising, but has not yet overcome the loss of inventory from slower listing months - with end-of-month listing inventory still 9.5% lower than the time last year.

It remains a strong sellers' market, with many properties still profiting from bidding wars, as demand continues to outpace supply.  Sellers will continue to hold their strong position in the market unless this month's increased listing activity carries forward into the fall.

[Click here] to read the full RAHB press release in PDF format.