November Sales Broadly Higher
Metropolitan Monthly Monitors: Metro Resale Index December 2010
Metropolitan Monthly Monitors: Metro Resale Index December 2010
Metropolitan
$50.00
- Resale activity continued to firm in November, as sales rose from October’s pace in 24 of our 28 markets. Volumes declined only in Trois-Rivières, Saguenay, Saint John, and the province of Newfoundland. Sales remained behind November 2009 levels, however, in 19 markets.
- Better sales activity is attracting vendor attention. November listings were up in all but 3 markets on a monthly basis, a big improvement from October when listings fell in 19 jurisdictions. Listings remain behind year-earlier levels in 16 areas.
- Sales-to-listings ratios rose in 20 markets between October and November, which also suggests a stabilization. While most areas are balanced, November saw two markets in the “seller’s” position, up from one in October.
- Ongoing market tightening has led to rising prices on a month-to-month basis in 17 markets and accelerating monthly price growth in 13 markets. Nonetheless, prices trail year-earlier levels in six areas.
Customers Who Downloaded This Also Liked
Require an accessible version of this research?
Upon request, The Conference Board of Canada offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
