According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity and average price were little changed in October 2012.

 Highlights:

•       Home sales little changed (-0.1%) from September to October.

•       Actual (not seasonally adjusted) activity down 0.8% from October 2011.

•       Number of newly listed homes down 3.8% from September to October.

•       Market remains firmly in balanced territory.

•       National average home price unchanged (+0.02%) on a year-over-year basis.

•       MLS® HPI up 3.6% in October – smallest gain since May 2011.

 The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations was little changed in October 2012 compared to the previous month (-0.1 per cent) and remains below levels reported in the first half of the year.

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