The Canadian Real Estate Association (CREA) recently released national sales statistics for October of 2020.
According to the report, "Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued running at historically strong levels in October 2020."
"Home sales recorded over Canadian MLS® Systems in October 2020 edged back by 0.7% from September’s all-time record for monthly sales."
"Many Canadian housing markets continue to see historically strong levels of activity, and at this point over
and above what would have been required to make up for the very quiet spring market this year,” stated Costa Poulopoulos, Chair of CREA. "As you may have heard, as of October 19 CREA is once again recommending against in-person open houses. We’ll have to wait and see how a return to more restrictive safety measures impacts housing markets as we move towards the end of this strange year, particularly if it leads to fewer people putting their
homes up for sale in regions that already have historic supply shortages. In the meantime, we will remain vigilant in adhering to government and health officials’ directives to keep our clients safe, including the use of all the virtual
technology solutions that were so popular back in the spring. Now as always, REALTORS® remain the best source for information and guidance when negotiating the sale or purchase of a home,” continued Poulopoulos.
Highlights of CREA's report
-
National home sales edged back 0.7% on a month-over-month (m-o-m) basis in October.
-
The actual (not seasonally adjusted) activity was up 32.1% year-over-year (y-o-y).
-
The number of newly listed properties rose 2.9% from September to October.
-
The MLS® Home Price Index (HPI) rose 1% m-o-m and was up 10.9% y-o-y.
-
The actual (not seasonally adjusted) national average sale price posted a 15.2% y-o-y gain in October.
Read the entire report on Canadian MLS® sales for October of 2020.
________________________________
Follow me on Facebook and Instagram to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.
TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 2.8 million pages to our visitors. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.
I’m always happy to answer your Saskatoon real estate questions. Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com.
Norm Fisher
Royal LePage Vidorra
Comments:
Post Your Comment: