Best JULY on record for MLS home sales
National resale housing market activity continued climbing in July 2009, with sales posting the largest year-over-year gain in 2 years.
It was also the first time on record that sales activity topped 50,000 units for the month of July in any year on record.
On a seasonally adjusted basis, national MLS home sales posted a sixth consecutive month over month increase in July climbing 2.5% from June.
"Sales activity started of the third quarter on a strong footing," said CREA president. "The difference in the resale housing market now, compared to the beginning of the year, is night and day, and nowhere is this more evident than in the West. Homebuyers recognize affordability before prices and interest rates move higher."
This is brought to you by The Canadian Real estate Association (CREA)