Annual Real Estate Sales

Importance


Measuring and reporting of residential real estate transactions is a valuable source of information on the general health of an economy. A large and growing number of residential real estate transactions indicate a healthy market for what is for most Canadians their largest asset. 

Real estate professionals as well as current and prospective residents look at statistics on real estate sales volumes in addition to current real estate inventories, historic and recent transaction values to understand and forecast supply/demand, and establish market pricing for future transactions.

Story behind the numbers


There has been a consistent increase in the annual real estate sales in Hamilton over the past five years, reaching a record high total in 2016.

The annual sales total for 2017 was lower than 2016, and reported sales for Q1 2018 are significantly lower than the prior two years.

Performance improvements


As the local economy grows, so do employment opportunities. Hamilton’s economy has been doing quite well over the past several years and this has been reflected in more hirings and more businesses being started in the city because of investor confidence. As jobs are filled, more people are drawn to the city to live where they work which leads to positive growth in the local real estate market.

Source: The REALTORS Association of Hamilton-Burlington (RAHB)

Annual Real Estate Sales (Hamilton, ON)

Quarters 2012 2013 2014 2015 2016 2017 2018
Q1 1735 1535 1487 1673 1844 2185 1389
Q2 2296 2350 2489 2919 2820 2668  
Q3 1779 1888 2103 2270 2341 1717  
Q4 1407 1558 1709 1837 1923 1788  
Total 7217 7331 7788 8699 8928 8358 1389