Halifax Real Estate Week in Review Sept 17-Sept 23, 2011

Week in Review

New Listings – 204

Number of Active Listings – 3055

Absorption Rate – 32 weeks

Type of Market –Buyers market

The number of new listings were up compared to last week.  With only 381 sales last month(Aug 25-Sept 25) the market has shifted to a strong buyers market.

As always feel free to 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 significantly compared to the same week in 2009 and 2010.   The number of sales last week totaled 75

SalesFigure 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 was up significantly compared to 2009 and 2010.  The average price last week was 284K.

PriceFigure 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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Halifax Real Estate Week in Review Aug 13th-Aug 19th,2011

Week in Review

New Listings – 251

Number of Active Listings – 3057

Absorption Rate – 30 weeks

Type of Market –Buyers market

The number of new listings were up compared to last week.  With only 433 sales last month(July 20-Aug 20) the market is starting to shift to a strong buyers market.

As always feel free to 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 significantly compared to the same week in 2009 and 2010.   The number of sales last week totaled 73

SalesFigure 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 down compared to 2010 but up significantly compared with 2009.  The average price last week was 267K.

Average PriceFigure 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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Halifax Real Estate Week in Review Aug 6th-12th, 2011

Week in Review

New Listings – 251

Number of Active Listings – 3033

Absorption Rate – 27 weeks

Type of Market –Buyers market

The number of new listings continue to hover around the 3000 mark.  After seeing a balanced market for the past several months we are now experiencing a buyers market.

As always feel free to 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 significantly compared to the same week in 2009 and 2010.   The number of sales last week totaled 76

SalesFigure 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 compared with both 2009 and 2010.  We are seeing a steady increase of 4 to 5%  in average price year over year.  The average price last week was 276K.

PriceFigure 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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Halifax Real Estate Week in Review July 29th-Aug 5th, 2011

Week in Review

New Listings – 227

Number of Active Listings – 3005

Absorption Rate – 29 weeks

Type of Market –Buyers market

The number of new listings continue to hover around the 3000 mark.  Based on the number of sales last month(448) the absorption has increased to 29 weeks and now represents a buyers market

As always feel free to 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 71.

Number of SalesFigure 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 decreased slightly compared with 2010 but was up compared significantly compared with  2009.  The average price last week was 295K.

Average PriceFigure 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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