October 18, 2010
September Home Sales Up Slightly
Did you know that September home sales were 3% higher than they were in August? According to the Canadian Real Estate Association (CREA), September volumes were the best since May, but almost 20% lower then 2009’s record-setting September. The national average resale price continued to stabilize at $331,089. “The national average price remained on par with where it stood one year ago,” said CREA. The number of new listings remained near August levels, down 15% from April’s peak. The number of months of inventory in Canada stands at 6.6 months. That’s how long it would take to sell all the listed houses at the current pace of sales.
