Canadian home sales remain at lower levels in September

According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity rebounded slightly in September 2012, marking the first monthly increase since the spring.

Highlights:

  • Home sales up 2.5% from August to September.
  • Actual (not seasonally adjusted) activity down 15.1% from September 2011.
  • Number of newly listed homes up 6.5% from August to September.
  • Market remains firmly in balanced territory, but conditions have eased.
  • National average home price up 1.1% on a year-over-year basis in September.
  • The MLS® HPI rose 3.9% in September, its smallest gain since May 2011.

Download the full report here

PLEASE NOTE: The information contained in this news release combines both major market and national MLS® sales information from the previous month. For more information on the Vancouver Real Estate Market please contact me or click here.

 

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