top of page
Search

CREA-APRIL HOUSING MARKET UPDATE

Writer's picture: Darrel ElverDarrel Elver

According to the Numbers, National Home sales were up 11.3% in April, however, the Number of Transactions was down 19.5%.

Here are the highlights.

  • National home sales surged 11.3% month-over-month in April.

  • Actual (not seasonally adjusted) monthly activity came in 19.5% below April 2022.

  • The number of newly listed properties edged up 1.6% month-over-month but remain at a 20-year low.

  • The MLS® Home Price Index (HPI) climbed 1.6% month-over-month but was down 12.3% year-over-year.

  • The actual (not seasonally adjusted) national average sale price posted a 3.9% year-over-year decline in April.

While these are the National Stats, our Local Numbers reflect a slightly different picture. Regionally within the London & St. Thomas Region, the Average Sale price rose 4.25% between March and April, with the number of New Listings falling by 8.59%. This is on par with our historical trends. For a more detailed look at our local April numbers please download a copy of our April Regional Report by clicking on this link. Market Activity Reports, then select Regional.

10 views

Comments


Helping You Create Your Lifestyle.

We prefer the personal touch approach; connecting with our clients, we want to get to know you so that we can truly Help You Create Your Lifestyle. We don’t offer immediate
property search results from our home page. After all, you can log onto Realtor.ca, the largest search engine in Canada, to browse if that’s what you are after.

However, if you want to see properties that you are most interested in that will meet your Lifestyle Needs, our approach may be a better use of your time. Spending fifteen minutes with us will save you hundreds of hours sifting through properties that don’t even come close to addressing your needs.

We will call you at your convenience and spend time to get to understand your Wants and Needs so that we can build the ultimate property search tool for you..

Get In Touch With
Us Today!

realtor-mls
Not intended to solicit properties currently listed for sale. The trademarks MLS®, Multiple Listing Service®, REALTOR®, REALTORS®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the London and St. Thomas Association of REALTORS®. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.

©2023 by DreamScape Realty Brokerage Inc.
bottom of page