New RAHB Statistics Packages will be coming in October for the September 2018 data – and it will include CREA’s Home Price Index (HPI)

Over the past several months, RAHB has been investigating ways to update the statistics packages we provide to members and the public each month. Through much research and consultation, RAHB will be releasing a new statistics package in October for the September data. This new package is more comprehensive, and includes CREA’s Home Price Index (HPI) and additional resources.

Please see below for a listing of the new items found within the RAHB member statistics packages. Links are provided to the updated documents (with August data), and where links are not provided they will be a part of the new packages starting in October. These items with August data are for you to become better acquainted with the new packages, and are not meant for distribution.

*Please note that the HPI reports are quite lengthy, should you want to print them.

New RAHB Market Statistics Reports

Entire RAHB Area

Burlington

Haldimand
Hamilton
Niagara North

 


What is the Same and What is New with RAHB’s Monthly Market Statistics Reports?

What’s the Same? What is New?
Release statistics reports to members and the media on the 3rd business day of the month. Data is pulled on the 1st business day of the month.
Very similar data/statistics reported within the RAHB tables and charts (i.e. Average/Median Sale Price, # of Listings, Days on Market, etc.). The data in previous reports was by sales/listings by RAHB members. The data will now include RAHB member and non-RAHB member data, and be tailored specific to the four main areas within our market – Burlington, Hamilton, Haldimand and Niagara North.
We will continue to provide a geographic map of the RAHB market area with average sale prices and number of sales. Some geographic properties have been added to the map (i.e. lakes, major highways, escarpment), and we will also now include separate maps for the four main areas within our market – Burlington, Hamilton, Haldimand and Niagara North.
We will continue to provide charts with commercial information. We have broken down the commercial data by the four major areas within our market, and added “sales volume” to the list.
We will now be providing Home Price Index (HPI) reports, tailored for the four major areas within our market.
Members will still have access to Matrix/SIM to pull and tailor data for your needs. Members will now have access to CREA’s HPI tool, Tableau (more information below), which will allow members to pull trends and data for specific sub-neighbourhoods throughout our market.
We will begin reporting weekly statistics on News & Alerts (Matrix) every Wednesday. These stats will cover the four major areas of our market and include: Residential New Listings, Residential Sold, Residential Average Price, Commercial New Listings and Commercial Sold.


Weekly Statistical Reporting

In addition to the above documents and resources, we will be providing weekly statistics updates via Matrix/News & Alerts, so please watch out for this information.


CREA’s HPI – What is it?

Developed using data from the Multiple Listing Service®, the MLS® Home Price Index (HPI) allows you to see trends in home prices for a specific type of house in a given neighbourhood.

Combined with your knowledge, experience and skills as a REALTOR®, the HPI will help your clients better understand these trends — and how they can affect the market value of your client’s home.

More importantly, though, it helps your clients approach one of life’s most important decisions — buying or selling a home — with greater confidence.

For more information on CREA’s Home Price Index (HPI) please visit www.crea.ca/housing-market-stats/mls-home-price-index/.

CREA’s HPI Tool – Tableau

Use Tableau

For more information on how to use the HPI Tool, please visit www.crea.ca/housing-market-stats/mls-home-price-index/getting-started/.

We Want to Hear From You!

Although we have updated the monthly RAHB statistics packages and included CREA’s HPI, the way we provide our members with valuable data is never final. We encourage questions and feedback from all RAHB members about the new statistics packages and CREA’s HPI so we can continually work to enhance the resources RAHB REALTORS® have. Please click below and submit your questions and feedback. Thank you in advance.

Please Submit Your Questions and Feedback

Thank you to the RAHB Statistics Task Force and to the RAHB members who took the time to complete the RAHB statistics survey in July. Your input helped guide these updates.

Additional Resources

www.crea.ca/wp-content/uploads/2016/07/HPI_Methodology.pdf

www.crea.ca/housing-market-stats/mls-home-price-index/

www.crea.ca/housing-market-stats/mls-home-price-index/hpi-tool/