REMAX National Housing: April 2025 Home Sales Report

According to RE/MAX National Housing reports for April 2025, home sales grew 11.3% over March but were 1.4% lower Y/Y. New listings rose 6.2% over March and 7.5% Y/Y, while inventory increased 7% over March and grew Y/Y for the 16th consecutive month (35.7%).

Canadian home sales recorded a slight increase of 0.1% in April 2025 compared to March, according to the Canadian Real Estate Association (CREA) [1]. This marks a pause in the downward trend observed since the beginning of the year. The number of sales recorded over Canadian MLS® Systems was unchanged from March, indicating a stabilization in the market.

Shaun Cathcart, CREA’s Senior Economist, described the current housing market as a return to the quiet markets experienced since 2022, with tariff uncertainty replacing high interest rates as a key factor keeping buyers on the sidelines [1]. The MLS® Home Price Index (HPI) declined by 1.2% month-over-month and was down 3.6% year-over-year, while the national average sale price decreased by 3.9% year-over-year [1].

The number of newly listed properties fell by 1% month-over-month, contributing to a decline in the sales-to-new listings ratio to 46.8% in April, compared to the long-term average of 54.9% [1]. The inventory of homes for sale on all Canadian MLS® Systems at the end of April was 183,000, up 14.3% from a year earlier but still below the long-term average [1]. The national sales-to-new listings ratio climbed to 46.8%, indicating a balanced housing market.

RE/MAX, a major real estate franchise company, also reported its Q1 CY2025 earnings, showing better-than-expected revenue but a 4.9% year-on-year decline in sales to $74.47 million [2]. The company's non-GAAP profit of $0.24 per share was 35.2% above analysts’ consensus estimates. RE/MAX maintained its full-year revenue guidance above Wall Street expectations and expects agent-focused initiatives to help stabilize and eventually grow agent count [2].

Despite these market trends, the overall sentiment remains cautious due to ongoing economic uncertainty and potential macroeconomic challenges. Both CREA and RE/MAX are focusing on strategic initiatives to navigate the market's challenges and position themselves for future growth.

References:
[1] https://www.globenewswire.com/news-release/2025/05/15/3082203/0/en/Declines-in-Canadian-Home-Sales-Take-a-Pause-in-April-Despite-Ongoing-Tariff-Pressures.html
[2] https://finance.yahoo.com/news/rmax-q1-earnings-call-revenue-115856935.html