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.

_______________________________________________________________________

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

_______________________________________________________________________

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

Related Blog Posts

-Week in Review July 29th-Aug 5th, 2011

-Week in Review July 2nd-July 8, 2011

-Week in Review June 25-July 1,2011

 


Leave a Reply