Home sales were up 21.5 percent in July compared to July last year, according to numbers released Wednesday by the Realtors Association of Hamilton and Burlington.
It was the highest sales total for a July in more than 10 years, said the association’s CEO, Ross Godsoe.
“July is typically a little quieter after the spring market,” Godsoe said, “but this year is an exception.”
The 1,559 homes sold last month also went for higher prices, on average, than their counterparts a year earlier. The average price among the homes sold in July rose to $409,538. That's up 6.9 percent compared to July 2013's average.
'July is typically a little quieter after the spring market, but this year is an exception.'- Ross Godsoe, CEO, Realtors Association of Hamilton and Burlington
Broken down by property type, prices were up 8.1 percent for freehold properties and 6.3 percent for condos, compared to last July.
Homes were sitting on the market for shorter periods before selling in July, compared to last year. For freehold, the average wait for home sellers for a bite was 36 days, down from 42 days last year. Condos sold after an average 39 days, down from 45 days last July.