NOVEMBER 2023 CREA Statistics and Quarterly Forecast
NOVEMBER 2023 CREA Statistics and Quarterly Forecast
Canadian Home Sellers Joining Buyers on the SidelinesOttawa, ON, December 14, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed on a month-over-month basis in November 2023.Highlights:
- National home sales edged back 0.9% month-over-month in November.
- Actual (not seasonally adjusted) monthly activity came in 0.9% below November 2022.
- The number of newly listed properties declined 1.8% month-over-month.
- The MLS® Home Price Index (HPI) decreased 1.1% month-over-month but was still up 0.6% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted a 2% year-over-year increase in November.
Home sales recorded over Canadian MLS® Systems edged down by 0.9% from October to November 2023. It was the smallest decline since July. Access the November 2023 stats PDF.
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