Chilliwack & District Real Estate Recent Stats Info! MLS® home sales activity highest in more than a year in May
MLS® home sales activity rose to a 13-month high in May 2009 in the area served by the Chilliwack and District Real Estate Board. The supply of homes is also backing down from elevated levels.
According to statistics provided by the Board, MLS® home sales numbered 262 units in May 2009, the highest level since April 2008. This is up 10 per cent from May 2008, and marks the first year-over-year increase in sales activity in 15 months.
Sales activity jumped 39 per cent in May 2009 from the previous month, which is a stronger than normal seasonal increase. As a result, seasonally adjusted sales activity climbed 18 per cent month-over-month in May 2009 (seasonal adjustment removes normal seasonal variations). This adds to monthly increases in each of the previous four months. Seasonally adjusted sales activities now stand at 84 per cent above the recent low in December 2008.
The combined dollar value of MLS® home sales in May 2009 totalled $77.9 million. This is up 3.3 per cent from May 2008.
Total MLS® sales numbered 277 units in May, an increase of 3.7 per cent from year-ago levels. The total value of all MLS® properties sold in May 2009 edged up by eight-tenths of one per cent to $83.2 million. READ MORE @ http://creastats.crea.ca/chil/