Canadian Home Sales Down in November, Average Price up From Year Ago: CREA

Published on December 14, 2023

The Canadian Real Estate Association says home sales fell in November as the average price of a home sold inched higher compared with a year ago. The association says November home sales fell 0.9 percent compared with the same month last year. On a seasonally adjusted basis, November home sales were also down 0.9 percent compared with October this year. The number of newly listed homes fell 1.8 percent on a month-over-month basis in November. CREA says with new listings down more than sales in November, the national sales-to-new listings ratio rose for the first time since April to come in at 49.8 percent compared with 49.4 percent in October....

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