New MLS^® listings rose to 80,147 nationally this summer, up 14.4 per cent year-over-year, according to CREA. The number of resale homes that hit the market rose by 1.4 per cent from the month before and 0.5 per cent from the previous record set in May 2008. However, while listings jumped, sales slumped by 12.2 per cent year-over-year to 48,748 units in July. The average home price declined by 2.4 per cent to $302,298.