Canadian home sales see year-over-year decline in January, 2013: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of January, 2013 today. According the CREA, "The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada edged up 1.3 per cent on a month-over-month basis in January 2013...Actual (not seasonally adjusted) activity came in 5.2 per cent below levels reported in January 2012. About two-thirds of local markets posted year-over-year declines in sales activity in January." Highlights of CREA's report    

• National home sales rose 1.3% from December to January.
• Actual (not seasonally adjusted) activity came in 5.2% under levels in January 2012.
• The number of newly listed homes rose 1.6% from December to January.
• The Canadian housing market remains firmly in balanced territory.
• National average sale price was up 2% year-over-year in January.
• The MLS® HPI rose 3.1% in January, the smallest gain since April 2011.

Read the entire report on Canadian MLS sales for January, 2013.

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Royal LePage Saskatoon Real Estate