Halifax Real Estate Week in Review July 2nd-July 8th, 2011

Week in Review

New Listings – 263

Number of Active Listings – 3026

Absorption Rate – 21 weeks

Type of Market –Sellers market

The number of new listings were up this week compared to last. The number of active listings continue to hover around the 3000 mark. Based on the number of sales last month(612) the absorption dropped by one week to 21 weeks.

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.

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The weekly sales were up compared to the same week last year and again down significantly compared to 2009. The number of sales last week totaled 87

SalesFigure 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 decreased compared with 2010 but was up compared with  2009.  The average price last week was 272K.

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 June 25-July 1,2011

-Week in Review June 18-24,2011

-Week in Review June 11-17,2011


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