On October 14 CREA released statistics for national home sales for September.
Highlights:
- National home sales were down 3.9% on a month-over-month basis in September.
- Actual (not seasonally adjusted) monthly activity came in 32.2% below September 2021.
- The number of newly listed properties edged down 0.8% month-over-month.
- The MLS® Home Price Index (HPI) declined by 1.4% month-over-month but was still up 3.3% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted a 6.6% year-over-year decline in September.
