Home sales up slightly - MoneySense

Home sales up slightly

Sales up 3%, compared to record setting month a year ago.

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September housing market sales inched up 3% over August, according to data from the Canadian Real Estate Association.

And while this year’s results are 19.8% lower than September 2009’s blistering activity—which set a record for transactions in that month—they were the best sales numbers the organization has posted since May of this year.

The national average resale price of $331,089 is “stabilizing”, said the organization. It is 1.8% higher than August.

Prices peaked in May at $346,881.

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