Should I Sell My House?!
Real Estate Market Continues HOT Trend
According the the Realtors Association of Hamilton-Burlington (RAHB) the real estate market shows no signs of declining as the HOT market continues! The amount of buyers looking find a house in the Hamilton and the surrounding area has sky rocketed!
- 1,311 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in February.
- Total property sales were 16.4 per cent higher than the same month last year
- For the second month in a row, property sales in February set a new high for that month.
RAHB CEO George O’Neill said: “February’s sales were what we’d expect to see during the spring or fall markets, typically the busier times,” . “With the number of available properties down and record sales, we are left with a low inventory at the end of the month. In the residential market, there is less than one month of available properties right now. We continue to be deep into a seller’s market.”
See what local real estate residential sales are like currently (right side image).
Overall residential real estate sales of 1,257 units were 16.7 per cent higher than the same month last year. Residential freehold sales were 15.3 per cent higher than February of 2016 while sales in the condominium market were 23.2 per cent higher than the same month last year.
At Voortman Realty, we provide a person approach to making sense of this never before seen activity. Is it time to sell because the market is high? Should I hold on and wait? Can I afford to get into this crazy market? These are all great questions that Calvin and his team what to discuss with you.