Canadian homes sales stronger than last month but weaker than last September: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of September, 2012 today. According to CREA, national resale housing activity rebounded slightly in September 2012, marking the first monthly increase since the spring but sales remained lower than the same month last year. Highlights of CREA's report    

• Home sales up 2.5% from August to September.
• Actual (not seasonally adjusted) activity down 15.1% from September 2011.
• Number of newly listed homes up 6.5% from August to September.
• Market remains firmly in balanced territory, but conditions have eased.
• National average home price up 1.1% on a year-over-year basis in September.
• The MLS® HPI rose 3.9% in September, its smallest gain since May 2011.

Read the entire report on Canadian MLS sales for September 2012.

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Norm Fisher
Royal LePage Saskatoon Real Estate