1 minute read

OUTSTANDING MARKET REVIEW

Our goal is to ensure that our aggressive and ‘dialled-in’ marketing plan get the most exposure of your property listing in front of serious qualified purchasers. It’s important for us to keep communication open with you and routinely review the market conditions and our marketing efforts.

Market Conditions

Advertisement

The conditions of the macro and micro markets surrounding your property are key to understand when offering your property for sale. As your real estate advisors, it’s important for us to make sure that we effectively communicate those conditions with you so that you may be informed.

Months-of-Inventory [M.O.I.]

Determining the current market conditions, and type of market, is key in order to provide professional guidance with the sale of your property. A ‘market intelligence’ tool that illustrates the strength of the market is determining the number of months’ of inventory. This metric identifies the strength of the market be indicating market demand. Typically:

“Seller’s Market” is identified as between 0-4 months’ of inventory. “Balanced Market” is typically represented by 4-6 months of inventory.

“Buyer’s Market” is defined as anything over 6+ months of inventory.

Search Criteria

Time frame is from Jan 2018 to Apr 2023

Region is 'Hamilton'

Municipality is 'Hamilton West (12)'

Transaction Type is 'Sale'

Results calculated from approximately 2,500 listings https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx? c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

Search Criteria

Time frame is from Jun 2022 to May 2023

Region is 'Hamilton'

Municipality is 'Hamilton West (12)'

Transaction Type is 'Sale'

Results calculated from 182 listings https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx? c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=

This article is from: