New Listings – 303
Number of Active listings – 3079
Absorption Rate – 23 weeks
Type of Market –Balanced
The number of new listings were up this week compared to last. The number of active listings continue to hover around the 3000 mark. The absorption rate dropped to 23 weeks and we are now experiencing a balanced market in HRM.
As always feel free 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 last week dropped significantly compared to the same week in both 2009 and 2010. The number of sales last week totaled 104.
Figure 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 moved upward compared with 2009 and 2010. The average price last week was 279K.
Figure 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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