Sales Strong in September
Metropolitan Monthly Monitors: Metro Resale Index October 2011
Metropolitan Monthly Monitors: Metro Resale Index October 2011
Urban City Economic Analysis
$55.00
- New listings were mixed. Between August and September, 16 markets saw supply ease. Nonetheless, listings were above year-earlier levels in 20 jurisdictions.
- The sales-to-listings ratio rose between August and September in 17 markets, but this left market stances largely unchanged. A “balanced” state prevails in 25 of our areas, up from 24 in August.
- Price growth perked up despite this widespread balance. Average values advanced in September in 17 areas, reversing widespread declines suffered in August. The September gains pushed prices above their year-earlier levels in 24 markets.
Resale transactions advanced briskly in September. Volumes rose in 19 of our 28 markets, with 10 posting at least a 5 per cent gain from August. Sales were up at least 10 per cent from a year earlier in 17 markets.
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