September's overall supply was up 7.5 per cent from a year earlier, with 199,772 properties listed for sale at the end of the month. Photo by Peter J. Thompson/National Post

The number of homes sold nationally dropped by 1.7 per cent in September compared to August, the first month-over-month decline since March, according to the Canadian Real Estate Association (CREA)’s monthly data released on Oct. 16.

CREA said the monthly decline was the result of lower sales activity in Greater Vancouver, Calgary, Edmonton, Ottawa and Montreal, which more than offset gains in the Greater Toronto Area and Winnipeg.

In an interview, CREA’s senior economist, Shaun Cathcart, said that September’s home sales were still “relatively unchanged” and “sort of similar” to August’s numbers.

“It’s not a

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