Courtesy of the Unconditional Blog and their Property Pulse Factsheet, property sales showed a slight fall for October from 5,235 to 5,007, but were still, encouragingly, 28% ahead of sales this time last year (when things were, to put it mildly, incredibly bleak on the property front).
Sale time was slightly down, and mean prices 3% up from a year ago.
The only negative indicator was listings…there were 5% more last year in October than this.
Well worth checking the relevant provincial indicators as they can differ significantly from the national trend: for example, Northland property sales in October are below last year’s monthly total and mean price is 7% down with a big backlog of unsold property (possibly more in the rural areas than urban)…quite a different picture.
On the other hand, listings are increasing..but without corresponding sales, unsold inventory is simply being increased.
A useful resource for investors.