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Tuesday, November 23, 2010

There Are Signs Of Hope In The Local Housing Market


It's still not pretty but there is hope in local housing market.

Stats from the real estate board show on a seasonally adjusted basis, sales activity edged up two per cent between September and October.

The average price for a home sold last month was just over $165, 000 down 8 per cent from October 2009, 145 homes sold last month which is down 15 per cent from last year.

Across the province, sales are down four per cent on a year-over-year basis for October.