Hamilton Real Estate May 2017 Market Report
Hamilton Real Estate May 2017
Market Report New Record Set…for Listings!
Here is the map with the Year to Date Average Prices in and around
Hamilton so far this year…
May 2017 set another record, however, it is for new Listings instead of for Sales this month! New listings were 3208 which is a big increase of 41.1% from May 2016 and over 34.8% higher than the 10-year average. Basically, we went from an unusually low inventory to a record-breaking high new inventory! Freehold Listings went up 47% and Condominium Listings went up 31%!
The Average Residential Freehold Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS) system in May 2017 was $659,236 compared to $530,280 the same month last year, an increase of 24.3%, and the Condominium Average Price is $421,257 compared to…(click here for the full report including Average Year To Date Prices in Other Areas Just Outside Hamilton!)
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