Here’s What Happened to Burlington Home Sales in 2018

 

It’s hard to stay on top of what’s happening in the Halton real estate market.

Prices and sales are constantly fluctuating.

However, the Realtors Association of Hamilton-Burlington (RAHB) recently released some shocking information about the Burlington market.

In 2018 there were 17.5 per cent fewer sales than in 2017 throughout the RAHB market. According to a recent press release, the total dollar volume of sales also went down. 

The 2018 real estate market levelled out from the eventful years of 2016 and 2017,” RAHB CEO George O’Neill noted in the press release. 

The market went from a strong, prolonged seller’s market to a balanced market where buyers had more time to view and compare properties before putting in an offer to purchase.”

It was revealed that Burlington saw a decrease in listings in 2018 by 12.7 per cent as well as a decrease in sales by 17.4 per cent.

The City of Hamilton also saw a decrease of sales and listings in 2018 while Haldimand saw an increase in listings and relatively the same amount of sales. Niagara North saw increases in both listings and sales.

According to the numbers, some local markets fared quite well this year,” O’Neill also noted.

This could indicate that buyers are shifting their focus from some larger and more expensive market areas to those that are more affordable.”

What do you think of these numbers?

Graphics are courtesy of the RAHB.

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