Hamilton house prices and the number of listings rose in January, but the number of sales decreased, according to the Realtors Association of Hamilton Burlington.
The RAHB released statistics Wednesday for the month of January, and they show a 6.5 per cent decrease in sales compared to January 2012.
Meanwhile, the number of listings and the average price of homes both increased in January compared to the same period in 2012, by 6.1 per cent and 6.2 per cent, respectively.
The average house sale price in Hamilton in January this year was $357,649.
"There are big differences in how the real estate market performed in various communities", RAHB CEO Ross Godsoe said in a press release. "For instance, Burlington has an almost 20 per cent increase in inventory over last January, where Hamilton has a 13 per cent decrease."
A recent study, the Teranet-National Bank House Price Index, suggested housing prices in Hamilton were rising faster than any other part of the country. Hamilton housing prices have increased by about 6.5 per cent year over year.
Six Canadian markets saw price increases in 2012, according to that report. They were:
- Hamilton (7.4 per cent)
- Toronto (6.3 per cent)
- Halifax (5.6 per cent)
- Quebec City (4.2 per cent)
- Calgary (4.1 per cent)
- Winnipeg (3.9 per cent)