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Fifth straight month for record sales in Hamilton-Burlington

Posted 2 years ago

Christmas shopping and holiday parties didn’t slow down house hunters in the Hamilton-Burlington area last month. The Realtors Association of Hamilton-Burlington (RAHB) reported 802 sales processed through MLS in December of 2015.

Sales were 1.3 per cent higher than the same month the previous year, 17.6 per cent higher than the 10-year average, and were a new record for the month of December. This is the fifth month in a row where the record for monthly sales has been broken.

In Hamilton specifically, there were 428 sales, a decrease of .2 percent over December 2014. The average sales price increased 7.5 percent, from $330,647 to $355,501. Average days on the market decreased from 42 to 38 and end-of-month listing inventory was down 14 percent.

In Burlington, there were 148 sales, an increase of 2.8 percent over December 2014. The average sales price increased 8.9 percent, from $506,217 to $551,230. Average days on the market decreased from 44 to 33 and end-of-month listing inventory was down 42 percent.

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