Hamilton and Burlington is showing continued improvements in terms of housing market performance, setting another sales record last month.
After having record-high sales in April, the local housing market released even better figures for May with a total of 1,810 properties sold in Hamilton and Burlington.
The numbers, which marked a 9.4 per cent rise in sales, were from the realtors’ board. April’s data had only 1,699 units sold.
"To say that we've had a busy spring market would be an understatement," Ross Godsoe, chief executive of the Realtors Association of Hamilton-Burlington, was quoted as saying by CBC
He added that Hamilton and Burlington is “one of the tightest markets in Canada.”
In fact, there has been an 11 per cent increase in the median sales price for all homes sold in May compared to last year, reaching $384,950.
The report added that the biggest price increases out of the 14 sub-regions were in Dundas and Glanbrook, with 17.3 per cent and 27.8 per cent jumps, respectively. The four Hamilton quadrants (west, centre, east, Mountain) each registered average price gains of more than 10 per cent over the year, CBC
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