New Listings – 240
Number of Active listings – 2829
Absorption Rate – 26 weeks
Type of Market –buyers
The number of new listings this past week were down compared to last week and the absorption rate climbed higher. In the last month we have seen the absorption rate bounce between 22-26 weeks. The market is starting to become more balanced.
The number of Active listings at the end of April totaled 2858 up slightly compared to 2010 but still down significantly compared to 2009.
Weekly sales continued to slide compared to the last 2 years. This week there were 87 sales. Down from 2009 and significantly down compared to 2010.
Average price is still trending upward in the Halifax Real Estate market. This average price for this past week was 283K.
Related Blog Posts