Halifax Real Estate Week in Review April 22-29, 2011

May 3, 2011  |  Buyers, Halifax, Sellers, Week in Review

Week in Review

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.

If you would like to know the stats for your area of HRM you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012

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The number of Active listings at the end of April totaled 2858 up slightly compared to 2010 but still down significantly compared to 2009.

ActivesFigure 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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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.

SalesFigure 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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Average price is still trending upward in the Halifax Real Estate market.  This average price for this past week was 283K.

Average PriceFigure 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 April 9th-15th

- Week in Review April 1st-8th

- Week in Review Mar 26th-Mar 31st

 


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