CREA news: National resale housing market further stabilizes

OTTAWA – October 15th, 2010 – National resale housing activity edged higher for a second consecutive month in September 2010, according to statistics released by The Canadian Real Estate Association (CREA). Combined with a falling supply of homes on the market, the number of months of inventory also declined for the second consecutive month.

“Supply and demand are rebalancing, and that’s keeping prices steady in many markets,” said Georges Pahud, CREA’s President. “Local and national housing market conditions often differ, so home buyers and sellers should consult their REALTOR® to understand how sales, inventory and pricing trends are shaping up in their market.”

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Marlene Ofter

Marlene Ofter

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CENTURY 21 Max-Immo
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