In this month's News of the, Realtor's Association of Hamilton-Burlington, A Strong July looks very Good for the Third Quarter.

(August 3, 2007 - Hamilton, Ontario) The Hamilton-Burlington area real estate market reported a total of 1,414 unit sales in July, indicating an increase of more than 21 per cent over the same period last year. The total unit sales, for the first seven months of 2007, are being reported at seven per cent higher than the same period last year, while units listed are six per cent higher for the year-to-date, according to Multiple Listing Service® (MLS®) statistics released by the REALTORS® Association of Hamilton-Burlington (RAHB).

"Sales activity in July further demonstrates the strength of the Hamilton-Burlington housing market. July saw a sale-to-list ratio of 79 per cent for freehold residential properties, and a record sale-to-list ratio of 103 per cent for condominium properties, with more condos sold then listed." said Ann Cosens, RAHB President-Elect. "With continued interest in investing in real property, and a limited number of units available, the market continues to strongly favour the seller."

A seller's market is a sale-to-list ratio above 65 per cent, a balanced market is anywhere between a 45 and 65 per cent ratio, and a buyer's market is a sale to list ratio below 45 per cent.

Residential properties sold during July totalled 1,358 which included 1,064 non-condominium and 294 condominiums. Commercial sales for July, including industrial, farm, vacant land and business, totalled 56 units.
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courtesy of: REALTORS Association of Hamilton-Burlington

Lisa Tollis, Sales Representative

Royal LePage State Realty, Brokerage.

Hamilton Ontario.

905 574-4600 Ask for Lisa Tollis

For more Information, Visit www.LisaTollis.ca