During the first month of the year, 763 property sales were recorded through the RAHB Multiple Listing Service. Though that’s a 6.4 per cent decrease in sales compared to January of last year, RAHB CEO Ross Godsoe noted in the press release, “Our sales in January seem to be low because we are comparing them to last year, but they really are right on average for the month.”
The number of properties on the market have climbed upward, shifting from 1,534 in January 2012 to 1,628 for the same time (that’s an overall jump of 6.1 per cent). Average prices have also followed the upward swing. In January 2012, properties averaged $340,917, but they’ve since grown by 6.2 per cent to an average of $362,023.
In the news release, Godsoe also highlighted the regional differences in the stats. “There are big differences in how the real estate market performed in various communities,” he said. “For instance, Burlington has an almost 20 per cent increase in inventory over last January, where Hamilton has a 13 per cent decrease.”
RAHB included a number of tables including the complete numbers for the month of January 2013 compared to January 2012, as well as the seasonally adjusted data for residential properties for the month of January 2013. Check them out below…