Canadian homes sales increase again in August, 2013: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of August, 2013 recently. According to the CREA, "The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems rose 2.8 per cent on a month-over-month basis in August 2013. The number of local markets where sales improved on a month-over-month basis ran roughly even with those where activity edged lower in August, with increases in major urban centres tipping the balance." Highlights of CREA's report    

• National home sales rose 2.8% from July to August.
• Actual (not seasonally adjusted) activity came in 11.1% above levels in August 2012.
• The number of newly listed homes was up 1.8% from July to August.
• The Canadian housing market has tightened but remains in balanced territory.
• The national average sale price rose 8.1% on a year-over-year basis in August.
• The MLS® Home Price Index (HPI) rose 2.9% year-over-year in August.

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

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Royal LePage Saskatoon Real Estate