(August 3, 2012 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported the residential condominium market saw a 4.3 per cent increase in average sale price in July compared to the same month last year. Median sale prices also saw gains over July of last year.

“With the residential condominium segment of the market continuing to increase in average sale price, we anticipate a continued overall stable market in most segments,” said RAHB President Cameron Nolan.

Seasonally adjusted* sales of residential properties were 2.9 per cent lower than the same month last year, with the average sale price down 2.6 per cent for the month. Seasonally adjusted numbers of new listings were 9.4% per cent lower than the same month last year.

Click here for the full media release including the charts for Seasonally Adjusted Residential Only, All property types, Residential only-Actual, Freehold only-Actual, Condominium only-Actual and Commercial - Actual.

Click here for the Residential Real Estate Market Activity chart for the City of Hamilton.

Click here for the Residential Real Estate Market Activity chart for Burlington.

Click here for the Monthly Market Activity chart.