CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for March, 2012.
Highlights from CREA's release
- Home sales rose 2.5% from February to March.
- Actual (not seasonally adjusted) activity stood 1.6% above levels in March 2011, the smallest year-over-year increase since last April.
- The number of newly listed homes eased 0.3% from February to March.
- While still well balanced, the national housing market tightened due to the rise in activity.
- The national average home price edged down 0.5% on a year-over-year basis in March.
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