October real estate stats in Hamilton and Burlington were once again above average, with year-to-date sales 6 percent higher than the same January to October period one year ago.
According to the Realtors Association of Hamilton-Burlington (RAHB), there were 1,821 properties listed in October, an increase of 4.4 per cent over the same month last year. 1,258 sales were reported during the month, an increase of nearly 5 percent over October 2013.
The average price of freehold properties showed an increase of 10.6 per cent compared to the same month last year; the average sale price in the condominium market increased 2.5 per cent when compared to the same period last year.
The average sale price is based on the total dollar volume of all properties sold in the RAHB market area.
The average days on the market decreased from 42 to 41 days in the freehold market and decreased from 47 to 38 days in the condominium market when compared to the same month last year.