Sentences with phrase «home sales activity declined»

National home sales activity declined 8.2 % in June from the previous month, according to statistics released earlier this morning by the Canadian Real Estate Association.

Not exact matches

While the average sale price in British Columbia is expected to decline by 7.8 % in 2017, this largely reflects an anticipated decline in single family home sales activity at the higher end of the market — particularly in the Lower Mainland.

He continues by saying that, «The forecasted drop in B.C. home prices largely reflects an anticipated decline in single family home sales activity at the higher end of the market — particularly in the Lower Mainland,» says Klump.

Still, a decline in sales activity will prompt a modest decline in home prices in a few provinces, including: B.C., Saskatchewan, Nova Scotia, PEI and Newfoundland & Labrador.

«This largely reflects an anticipated decline in single family home sales activity at the higher end of the market — particularly in the Lower Mainland,» explains CREA's Chief Economist, Gregory Klump.

While the decline started before the 15 % tax for foreign buyers was quickly introduced by the B.C. government in early August 2016, the tax prompted homes sales activity to plunge 26 % by September, according to the Real Estate Board of Greater Vancouver.

«A large decline in Midwestern existing - home sales can be attributed partly to the flooding and other severe weather patterns that occurred, but this also implies a temporary nature of soft market activity,» Yun explained.

After gradually climbing for three consecutive years, the decline in existing - home sales in 2014 resulted in a slight reduction in REALTOR ® business activity and income last year, according to the 2015 National Association of Realtors ® Member Profile.

Ongoing supply and affordability challenges and Hurricane Harvey's impact on sales activity in the Houston area led to a decline in existing - home sales and contract signings in August.

Pending home sales declined in October but remained at a healthy level of activity and are above year - over-year levels for the second straight month.

After three straight monthly declines, existing - home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis.

After a three - month decline, pending home sales rose in June as all major regions, except for the Midwest, saw an increase in contract activity.

Pending home sales were unchanged in September, but activity declined on an annual basis both nationally and in all major regions.

According to the National Association of Realtors, U.S. pending home sales were unchanged in September, 2017 but activity declined on an annual basis both nationally and in all major regions.

Regionally, new - home sales activity was mixed in March, with the Northeast and South posting gains of 7.7 percent and 3.1 percent, respectively, while the Midwest and West registered respective 20 percent and 27 percent declines.