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
New Listings – 277
Number of Active listings – 3039
Absorption Rate – 25 weeks
Type of Market –Buyers
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 has remain basically unchanged for the last 2 months as we continue to see a slight buyers market.
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.
_______________________________________________________________________
The weekly sales last week dropped again compared to the same week in both 2009 and 2010. The number of sales last week totaled 105.
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 290K.
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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The inventory hit over 3000 active listings for the first time this year. The trend is similar. to 2010
Figure 3. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
Related Blog Posts
This week on market watch Wednesday I am taking a look at the numbers for the Halifax real estate market for the month of May. Again we see a similar trend, average price continues to increase and number of sales declined.
If you would like more information on the Halifax real estate market you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012
Related Video Blog Posts
-Market Watch Wednesday/Halifax Multi-Family Market Update
-Market Watch Wednesday/Halifax Condo Market Update April 2011
-Market Watch Wednesday/Halifax Real Estate Market Update April 2011
