OTTAWA — The Canadian Real Estate Association says home sales fell in November as the average price of a home sold inched higher compared with a year ago.
The association says November home sales fell 0.9 per cent compared with the same month last year.
On a seasonally adjusted basis, November home sales were also down 0.9 per cent compared with October this year.
The number of newly listed homes fell 1.8 per cent on a month-over-month basis in November.
CREA says with new listings down more than sales in November, the national sales-to-new listings ratio rose for the first time since April to come in at 49.8 per cent compared with 49.4 per cent in October.
The actual national average price of a home sold in November was $646,134, up two per cent from November 2022
This report by The Canadian Press was first published Dec. 14, 2023.