Article content material
The affiliation says precise house gross sales in February have been down 10.4 per cent in contrast with the identical month final 12 months.
On a seasonally adjusted month-over-month foundation, house gross sales in February have been down 9.8 per cent in contrast with January.
CREA says it was the bottom degree for house gross sales since November 2023 and the most important month-over-month drop since Might 2022.
The affiliation additionally says new listings fell 12.7 per cent month-over-month, following a shock enhance in January.
Beneficial from Editorial
The precise nationwide common sale worth of a house bought in February was $668,097, down 3.3 per cent from a 12 months in the past.
