The REALTORS® Association of Hamilton-Burlington (RAHB) reported a
record 3,208 new listings were processed through the RAHB Multiple
Listing Service® (MLS®) System in May, which is 41.1 per cent higher
than the same month last year and 34.8 per cent higher than the 10-year
average.
Sales were less than one per cent lower than the same month last year, and still 15.3 per cent higher than the 10-year average.
“Listings
continue to be the story,” said RAHB CEO George O’Neill. “The
difference is that two months ago we reported on the sustained low
inventory of listings and this month we are talking about a record for
new listings. The increase in listings suggests that homeowners have
been watching the market, seen home values increase significantly over
the last year or two, and decided to take advantage of those increases.”
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