CREA-APRIL HOUSING MARKET UPDATE
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.