April’s national home sales up 11.3% from March: CREA

The Canadian Real Estate Association says nationwide dwelling gross sales jumped by 11.3 per cent between March and April as the true property market picked up once more.

The affiliation says seasonally-adjusted gross sales for the month totalled 38,164 in contrast with 34,277 in March.

The precise variety of houses offered final month amounted to 44,059, down 19.5 per cent from a yr prior.

The affiliation says the year-over-year gross sales decline was markedly smaller than the drops reported in latest months.

The seasonally-adjusted variety of new listings edged up 1.6 per cent to 54,355 in April from March, however provide stays at a 20-year low.

The precise common dwelling worth reached roughly $716,000 in April, down 3.9 per cent from April 2022, however up $103,500 from January 2023.

This report by The Canadian Press was first revealed May 15, 2023.