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.
________________________________________________________________________
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
________________________________________________________________________
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
________________________________________________________________________
Related Blog Posts
- Week in Review Mar 26th-Mar 31st
- Week in Review Mar 5th-Mar 11th
- Week in Review Feb 25th-Mar 4th
