Home sales dip in April from prior month as spring listings perk up: CREA

The Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market.

Home sales rose 10.1 per cent compared with a year ago, but CREA attributed the gain primarily to the early Easter long weekend. Good Friday and Easter landed on March 29 and March 31 this year compared with April 7 and 9 last year. Slower monthly sales amid more new listings meant there was a 6.5 per cent jump in the overall number of properties on the market — the second largest month-over-month gain on record.

"We consider it a little bit more of a fair market where neither buyers or sellers have, let's call it, an advantage."

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Home sales dip in April from prior month as spring listings perk up: CREAThe Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market. On a month-over-month basis, CREA said home sales in April were down 1.
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Home sales dip in April from prior month as spring listings perk up: CREAThe Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »