Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023.
Highlights:
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National home sales jumped 8.7% month-over-month in December.
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Actual (not seasonally adjusted) monthly activity came in 3.7% above December 2022.
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The number of newly listed properties dropped 5.1% month-over-month.
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The MLS® Home Price Index (HPI) fell by 0.8% month-over-month but was still up 0.7% year-over-year.
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The actual (not seasonally adjusted) national average sale price posted a 5.1% year-over-year increase in December