According to statistics released by The Canadian Real Estate Association (CREA), national resale housing activity rebounded slightly in September 2012, marking the first monthly increase since the spring.
Highlights:
• 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.
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