Photo by ASHLI BARRETT/Advocate Staff REAL ESTATE — paul’s story — A reduced "For Sale" sign sits in front of a house on Timothy Dr. in the Timberlands subdivision. The house is one of many for sale in the area.

Photo by ASHLI BARRETT/Advocate Staff REAL ESTATE — paul’s story — A reduced "For Sale" sign sits in front of a house on Timothy Dr. in the Timberlands subdivision. The house is one of many for sale in the area.

CREA reports June home sales down 10.7% from year ago, but up from May

The Canadian Real Estate Association says home sales in June were down 10.7 per cent compared with a year ago.

  • Jul. 16, 2018 12:00 a.m.

The Canadian Real Estate Association says the number of homes sold in June was down 10.7 per cent from a year ago.

The result was a five-year low for the month of June.

However, sales volume was up 4.1 per cent when compared with May.

The association says it was the first substantive month-over-month increase this year.

The national average price for a home sold in June was just under $496,000, down 1.3 per cent from a year ago.

Excluding the Greater Vancouver and Greater Toronto markets, the average price was just over $389,000.

Related: Flipping through the real-estate market

Related: Okanagan real estate sales slump continues

The Canadian Press

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