Tough April for Resale Markets
Metropolitan Monthly Monitors: Metro Resale Index May 2011
Metropolitan Monthly Monitors: Metro Resale Index May 2011
Urban City Economic Analysis
$50.00
- Tightening of federal mortgage-insurance rules hurt April resale activity. Sales fell from March levels in 23 of our 28 markets, and from a year earlier in 26 areas.
- The drop in sales in April added to vendors’ gloom. Although listings in April fell from March levels in only 9 markets, they trailed year-earlier levels in 19.
- Widespread drops in sales prompted the sales-to-listings ratio to fall in 24 of our 28 areas between March and April. The measure was below year-earlier levels in 18 locations. Nonetheless, 24 of our 28 markets remain “balanced.”
- Eroding market stances are trimming prices. Average values fell in 11 markets during April. But prices are still up on a year-over-year basis in 25 areas.
Customers Who Downloaded This Also Liked
10 min read
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.
