New Listings – 237
Number of Active listings – 3022
Absorption Rate – 26 weeks
Type of Market –Buyers
The number of new listings were down again this week compared to last. The number of active listings hit over the 3000 mark for the first time this year. With the number of sales declining and the inventory starting to climb we are sliding back to a buyers market again.
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 again compared to the same week in both 2009 and 2010. The number of sales last week totaled 85.
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 287K.
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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