New Listings – 215

Number of Active Listings – 2986

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(582) the absorption remained basically unchanged 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 were down compared to the same week last year and again down significantly compared to 2009. The number of sales last 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 increased significantly compared with both 2009 and 2010.  The average price last week was 298K.

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 number of Active listings continue to stay around the 3000 mark for the end of June.  Well below 2009 and slightly ahead of 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

-Week in Review June 18-24,2011

-Week in Review June 11-17,2011

-Week in Review June 4-10, 2011

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

Related Blog Posts

-Week in Review June 11-17,2011

-Week in Review June 4-10, 2011

- Week in Review May 28-June 3rd

New Listings – 267

Number of Active listings – 2883

Absorption Rate – 24.7 weeks

Type of Market –Balanced

The number of new listings were down slightly this week compared to last. The absorption rate down to 24.7 weeks.

Want to know the market stats for your area of HRM?   Feel free contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012.

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The weekly sales last week dropped significantly compared to both 2009 and 2010.  The number of sales last week totaled 95.  The last several weeks we have significant declines in the number of sales compared to 2009 and 2010

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 was on par with 2009 and 2010.  The average price last week was 265K.

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 May 7th-13th

-Week in Review April 30-May 6th

-Week in Review April 22-April 29

Just a quick post to let you know that unfortunately I am not able to do condo week this week as my video camera decided to crap out on me AGAIN.  This is the second time for this camera.  I am sendng it back and hope to have a new one within a couple of weeks and will be doing condo week then.  My apologies.

Kind Regards

Andrew

Halifax Real Estate Guy

This week on Market Watch Wednesday I am taking a look at the stats for the Halifax Condo Market for the month of August.  Again as we have seen in the housing market, sales continue to decline while prices increase, albeit very minimal for the condo market.
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 Blogs

- Market Watch Wednesday/09/02/10

- Market Watch Wednesday/08/25/10

- Market Watch Wednesday 08/12/10

Today on Halifax Real Estate Guy TV I wanted to talk about a great website for people looking to rent houses, apartments or lease commercial space in Halifax. The website is  www.rentdonkey.ca, check it out.
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

In 2009 you will see a lot of changes to my blog. I want to better serve my clients and I feel my blog is in need of another update. Stay tuned for some exciting new features in the new year. Till then Happy New Year and we will see you in 2009.

Andrew Perkins

Your Halifax Real Estate Expert