Week in Review
New Listings – 165
Sold Listings – 104
Conditional Sold Listings – 139
Number of Active listings – 2313
Absorption Rate – 29 weeks
Type of Market – Buyers
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Sales this past week inched up slightly compared to 2009 and just a little below 2010 numbers. The trend is comparable to 2009.
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 edged up slightly this week and looks to be on a upward trend. Average price for this 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
- Week in Review Feb 4th-Feb 11th
- Week in Review Jan 28th-Feb 4th
- Week in Review Jan 21st-Jan 28th
New Listings – 138
Sold Listings – 56
Conditional Sold Listings – 110
Number of Active listings – 2309
Absorption Rate – 40 weeks
Type of Market – Buyers
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Weekly sales coninued to remain flat in the first week of February compared to 2010. We saw 38 fewer sales than the same period last year. However we are slightly ahead of 2009.
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 has decreased over 2010 but still remains above 2009. Could there be a trend starting here?
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 Jan 28th-Feb 4th 2011
New listings – 191
Sold Listings – 115
Conditional Sold Listings – 82
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The graph below shows the number of sales by week for the last 3 years. As evident from this graph we are moving along at the same pace of sales as 2009. The reason for the big changes in 2010 can be atrributed to the new mortgage rules that came into affect last year(April) that helped spike the market with buyers rushing to get in before the changes took hold.
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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The graph below shows the average price by week for the last 3 years. Again, average price is below 2010 levels but slightly above 2009.
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 2011
As a way of keeping you informed of local market conditions and trends I am starting a week in review. Every Monday you can get the very latest market reports right here on www.halifaxrealestateguy.com. We will be tracking the weekly stats for the Halifax real estate market in an easy to read line graph so that you can get an idea of what is going on in the market currently. This is a general overview of all of HRM. If you would like the numbers broken down for your particular area of HRM you can contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012
The month of January saw sales in the Halifax real estate market drop from 2010 but stay on par with 2009.
Figure 1. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
Average sale price continued to increase at the beginning of January. It ended the month on par with 2010 and up over 2009. Avg price for a home or condo in Halifax sits at 267k.
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
The number of Active listings in the Halifax real estate market remained the same compared to 2010 but well below the levels of 2009
Figure 3. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
