April 15, 2019
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged higher in March 2019 after having declined sharply the previous month.
Highlights:
- National home sales edged up 0.9% month-over-month (m-o-m) in March.
- Actual (not seasonally adjusted) activity was down 4.6% year-over-year (y-o-y).
- The number of newly listed homes rose 2.1% m-o-m.
- The MLS® Home Price Index (HPI) eased by 0.5% y-o-y in March.
- The national average sale price fell 1.8% y-o-y.
Home sales via Canadian MLS® Systems edged up 0.9% in March 2019 following a sharp drop in February, leaving activity near some of the lowest levels recorded in the last six years.
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