Real estate in Hamilton has not lost its shine yet. Sales for October increased by 22% to 299 compared to 246 for September and average days to sell dropped to 29 from 34 the previous month. The median sale price increased to $560K – up 1,5% on September’s $551,500 – echoing the growth and confidence in the Hamilton residential market.
A steady increase in properties for sale accommodate more buyers to find their new homes. The most sales – 44 – was in a price range $700K – $799K followed by 39 sales in $550K – $599K. Properties sold in excess of $1M came to a total of 12 for the month of October. New homes offer a good selection for those wanting to move up market – now wouldn’t that be a great Christmas gift to your family!
The Reserve Bank’s last review indicated that interest rates will remain low into 2019 – an encouraging move to entice buyers to make a jump to home ownership instead of renting.
Thinking of a real estate move in the near future? There is still time to buy or sell before Christmas – Why wait?
Contact Linda on 022 64 50588 today!