New Listings – 310
Number of Active listings – 2729
Absorption Rate – 24.7 weeks
Type of Market –Balanced
Total new listings were up slightly compared to last week. We had another week with over 300 new listing brought to market and the number of active listings are up over 2700. For the first time in almost a year we have returned to a balanced market in Halifax.
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Weekly sales remained the same compared to last year and fell compared to 2009. The number of sales this week totaled 81.
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 fell this week compared to both 2010 and 2009. The average price for a home or condo in HRM for the past week sits at $258,216
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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Related Blog Posts
- Week in Review Mar 26th-Mar 31st
New Listings – 309
Number of Active listings – 2636
Absorption Rate – 25 weeks
Type of Market –Buyers
Total new listings are up compared to last week. This is the first week this year we saw over 300 new listing brought to market. The absorption rate has decreased over the last couple of weeks sitting now at 25 weeks. We are moving towards a more balanced market.
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Weekly sales fell this past week compared to the same period in both 2009 and 2010. The number of sales this week totaled 91.
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 increased this past week compared to both 2009 and 2010 and sits at $298,098 for the week.
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 month of March eneded with 2653 active listings, on par with 2010 and down from 2009
Figure 3. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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Related blog Posts
- Week in Review Mar 12th-18th
- Week in Review Mar 5th-Mar 11th
- Week in Review Feb 25th-Mar 4th
This week on market watch Wednesday I am taking a look at the numbers for the Multi-Family market in Halifax. Average price is down compared to 2010 and the number of sales remained the same.
If you would like more information on the Halifax real estate market you can always contact me by email andrew@halifaxrealestateguy.com
Related Video Blog Posts
-Market Watch Wednesday/Halifax Peninsula Real Estate Market Update
- Market Watch Wednesday/Hammonds Plains Market Update
- Market Watch Wednesday/Halifax Condo Market Update Feb 2011
This week on market watch Wednesday I am taking a look at the year to date stats for the peninsula of Halifax(areas 1,2,3,4). There are some very interesting numbers.
If you would like more information on the Halifax real estate market you can always contact me by email andrew@halifaxrealestateguy.com.
Related Video Blog Posts
- Market Watch Wednesday/Hammonds Plains Market Update
- Market Watch Wednesday/Halifax Condo Market Update Feb 2011
-Market Watch Wednesday/Halifax Real Estate Market Update Feb 2011
