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Hamilton & Toronto Housing Trends

July 9th, 2009 No comments

Some really great trending in the Hamilton CMA as provided by CMHC.  Sales to New Listing Ratio’s have trended exceptionally well over the last several months and while sales are below last years levels by 8% – the previous 2 years were historically record levels and this is a huge improvement over the Oct-Feb results.  70.4% Sales to New Listing Ratio indicates an extremely robust resale home market.

 

 

Number of Sales

Yr/Yr² (%)

Number of New Listings

Average Price

Yr/Yr² (%)

Q1 2008

2,838

-8.2

4,739

$281,634

6.8

Q2 2009

2,166

-23.7

4,557

$264,187

-6.2

 

 

 

 

 

 

YTD 2008

5,654

-5.3

9,190

$285,294

6.4

YTD 2009

4,670

-17.4

8,162

$279,068

-2.2

 

 

Additionally, I thought I would share some of the numbers coming out of the Toronto CMA as provided by CMHC.  Really exceptional results with Sales to New Listing Ratio showing 65%…indicative of a very healthy resale housing market and positive trending in all categories. 

 

 

Number of Sales

Yr/Yr² (%)

Number of New Listings

Average Price

Yr/Yr² (%)

Q1 2008

17,721

-13.4

36,885

$379,232

4.3

Q2 2009

12,957

-26.9

34,077

$358,036

-5.6

 

 

 

 

 

 

YTD 2008

35,894

-12.5

74,291

$388,941

4.5

YTD 2009

30,653

-14.6

60,758

$377,091

-3.0

 

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