Monthly Market Stats - October 2018
Tags: Stats, Buying, Selling, Real Estate, Homes, Hamilton, Burlington, Toronto
Canadian Homes Sales Activity Eases in October
- National home sales fell 1.6% from September to October
- Actual (not seasonally adjusted) activity was down by 3.7% from one year ago
- The number of newly listed homes eased 1.1% from September to October
- The MLS Home Price Index (HPI) was up 2.3% year-over-year in October
- The national average sale price slipped by 1.5% y-o-y in October
"National sales activity lost momentum in October," said Gregory Klump, CREA's Chief Economist. "In part, this reflects waning activity among some urban centers in Ontario's Greater Golden Horseshoe region and the absence of an offsetting rise in sales in the Lower Mainland of British Columbia. Even so, the balance between sales and listings in these regions points to stable prices or modest gains. By contrast, the balance between sales and listings for housing markets in Alberta, Saskatchewan, and Newfoundland indicates a weak pricing environment for homeowners who are looking too sell."
If you have any questions, or concerns, about today's market, contact me today!
Mike Mossuto
Sales Representative
Keller Williams Complete Realty
mike@mikemossuto.com
905-929-3473
(All information taken from CREA National Statistics)
