Hamilton home sales just missed breaking a record in September.
A total of 1,207 homes were sold last month, according to the latest numbers from the Realtors Association of Hamilton-Burlington (RAHB). That’s just one short of the record set four years ago, in September 2009.
“Sales and listings for the month of September were both well above the 10 year average for the month,” said Ross Godsoe, CEO for the RAHB.
And home prices in Hamilton are still on the rise.
The RAHB reports the average home price for September was $392,013, an increase of nearly seven per cent from September 2012.
It’s even a noticeable increase from just one month prior. August numbers from the Canadian Real Estate Association (CREA) show the average home price in Hamilton as $385,444. The city followed a national trend of increasing prices across the country. Nine provinces and territories saw increases at the end of the summer, according to CREA.
The CREA has not yet released its numbers for real estate prices across the nation for September.