New Listings – 221
Number of Active Listings – 3041
Absorption Rate – 21 weeks
Type of Market –Sellers market
The number of new listings were down this week compared to last. The number of active listings continue to hover around the 3000 mark. Combined with fewer listings coming to market and the number of sales last month(600) the absorption rate dropped again and now sits at 21 weeks.
As always feel free contact me for more information on the Halifax real estate market by email andrew@halifaxrealestateguy.com or call 902-488-0012.
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The weekly sales last week were down compared to the same week last year and again down significantly compared to 2009. The number of sales last week totaled 93.
Figure 1. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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Average price declined compared with 2010 but was up compared to 2009. The average price last week was 274K.
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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-Week in Review June 11-17,2011
New Listings – 232
Number of Active Listings – 3060
Absorption Rate – 22 weeks
Type of Market –Sellers market
The number of new listings were down this week compared to last. The number of active listings continue to hover around the 3000 mark. Combined with fewer listings coming to market and the number of sales last month(597) the absorption rate dropped again and now sits at 22 weeks.
As always feel free contact me for more information on the Halifax real estate market by email andrew@halifaxrealestateguy.com or call 902-488-0012.
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The weekly sales last week were up compared to the same week last year but down significantly compared to 2009. The number of sales last week totaled 127.
Figure 1. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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Average price moved upward compared with 2010 but declined over 2009. The average price last week was 277K.
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
Related Blog Posts
-Week in Review June 4-10, 2011
This week on market watch Wednesday I am taking a look at the numbers for the Halifax condo market for the month of May. A similar trend continues in that average price has increased and the number of sales have decreased.
If you would like more information on the Halifax condo market you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012
Related Video Blog Posts
-Market Watch Wednesday/Halifax Real Estate Market Update May 2011
-Market Watch Wednesday/Halifax Multi-Family Market Update
-Market Watch Wednesday/Halifax Condo Market Update April 2011
New Listings – 303
Number of Active listings – 3079
Absorption Rate – 23 weeks
Type of Market –Balanced
The number of new listings were up this week compared to last. The number of active listings continue to hover around the 3000 mark. The absorption rate dropped to 23 weeks and we are now experiencing a balanced market in HRM.
As always feel free contact me for more information on the Halifax real estate market by email andrew@halifaxrealestateguy.com or call 902-488-0012.
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The weekly sales last week dropped significantly compared to the same week in both 2009 and 2010. The number of sales last week totaled 104.
Figure 1. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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Average price moved upward compared with 2009 and 2010. The average price last week was 279K.
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
Related Blog Posts
