Found 5 blog entries tagged as MLS.

MLS® home sales in Newfoundland and Labrador post third best monthly total ever in July, overall inventory remains stable

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The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 703 units in July 2022, declining 11.9% from July 2021.

Home sales were 17.9% above the five-year average and 30.8% above the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 3,563 units over the first seven months of the year. This was virtually unchanged from the same period in 2021, moving only 0.1% (five sales).

Residential activity in St. John’s was down by 10.9% on a year-over-year basis in July, while activity…

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Statistics released by the Canadian Real Estate Association (CREA) show national home sales remained historically high in December 2021, as the end-of-month supply of properties for sale hit an all-time low.

HIGHLIGHTS

  • National home sales inched up 0.2% on a month-over-month basis in December.

  • Actual (not seasonally adjusted) monthly activity came in 9.9% below the record posted in December 2020.

  • The number of newly listed properties fell 3.2% from November to December.

  • The MLS® Home Price Index (MLS® HPI) rose 2.5% month-over-month and was up a record 26.6% year-over-year.

  • The actual (not seasonally adjusted) national average sale price posted a 17.7% year-over-year gain in December. 

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Photo: Spiroview Inc. / Adobe Stock

Home prices in prominent Canadian markets ramped up last month, but the acceleration we’re seeing now is expected to ease off by the second half of next year as these markets become more balanced.

In an RBC Economics Thought Leadership report published this week, senior RBC economist Robert Hogue said that property prices “reaccelerated further” in major markets during November thanks to strong demand and dwindling inventories.

In the Greater Toronto Area, “aggressive” bidding drove the composite MLS Home Price Index (HPI) up 3.9 per cent from October to $1,173,000. Over the past two months, GTA prices have climbed 2.2 per cent and 4.3 percent, resulting in a $114,000 increase over a three-month period.…

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Statistics released by the Canadian Real Estate Association (CREA) show national home sales have already set a new annual record in 2021.

HIGHLIGHTS

  • National home sales rose 8.6% on a month-over-month basis in October.

  • Actual (not seasonally adjusted) monthly activity was down 11.5% on a year-over-year basis.

  • The number of newly listed properties climbed by 3.2% from September to October.

  • The MLS® Home Price Index (MLS® HPI) rose 2.7% month-over-month and was up 23.4% year-over-year.

  • The actual (not seasonally adjusted) national average sale price posted an 18.2% year-over-year gain in October.


 NATIONAL RESIDENTIAL STATISTICS

National Residential Statistics

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The last 18 months have made for volatile market conditions, but according to the Canadian Real Estate Association (CREA), there has been more stabilization across the county.

Monthly snapshot

However, there is still lots of demand chasing a scarce amount of listings. As CREA’s Senior Economist and Director of Housing Data and Market Analysis Shaun Cathcart says in the latest housing market report, the market may remain challenging as we head into the twilight months of 2021.

As always, we will keep you posted on the pulse of the Canadian housing market. Check back next month to see October’s snapshot with the most up-to-date insights!

Remember, contact a REALTOR®  for detailed information about your neighbourhood and its price trends.

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