Existing Home Sales
— The jump in September existing home sales — up 5.5% m/m — was a surprise. Excluding condos, the increase was even greater, coming in at 6.2%
m/m, the largest since early 2002. The glut of unsold, single-family homes decreased by 6.0%, lowering months supply to 9.4. Adding multi-unit dwellings, the month’s supply rises to 9.9, still high by historical standards.
Home values and prices continue to trend lower; both the median and average price of single family homes fell by over $10,000 last month.
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns