According to The Canadian Real Estate Association (CREA), national home sales were little changed on a month-over-month basis in September 2013, but showed an improvement from the year prior.

Here are the Highlights:

•National home sales edged up by 0.8% from August to September.
•Actual (not seasonally adjusted) activity came in 18.2% above levels in September 2012.
•The number of newly listed homes declined by 1.4% from August to September.
•The Canadian housing market has tightened but continues to remain balanced.
•The national average sale price rose 8.8% on a year-over-year basis in September.
•The MLS® Home Price Index (HPI) rose 3.1% year-over-year in September.

“Sales activity across much of the country has improved in recent months following a slow start to the year and new listings in some areas have not kept pace,” said CREA President Laura Leyser. “Depending on where they are, there may be a bit more competition among buyers for limited inventory in the months ahead. Because all real estate is local, your REALTOR® remains your best resource for understanding how the housing market is shaping up either where you live or might like to.”

Click HERE for the CREA website and stats.

~ Steven Fudge, purveyor of canadianrealestatehousingandhome.ca and lead realtor for Toronto’s hip housing brand www.urbaneer.com