Price
Filters
RSS

Canadian homes sales see largest decline in 20 months in August, 2016: CREA

Posted on by
Posted in CREA, Market News

The Canadian Real Estate Association (CREA), released national sales statistics for the month of August, 2016this week. According to the CREA, “The number of homes trading hands via Canadian MLS® Systems fell by 3.1 percent month-over-month in August 2016 – the largest monthly decline since December 2014. Together with declines in each of the three previous months, the slowdown in August places national home sales activity 6.9 percent below the record set in April 2016.”

Highlights of CREA's report    

      • National home sales fell 3.1% from July to August.
      • Actual (not seasonally adjusted) activity came in 10.2% above August 2015.
      • The number of newly listed homes declined 2.7% from July to August.
      • The MLS® Home Price Index (HPI) rose 14.7% year-over-year in August.
      • The national average sale price climbed 5.4% in August from one year ago.

  Read the entire report on Canadian MLS® sales for August, 2016.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher

Royal LePage Vidorra

Comments:

No comments

Post Your Comment:

Your email will not be published
Powered by myRealPage.com
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.