New Listings – 277
Number of Active listings – 3039
Absorption Rate – 25 weeks
Type of Market –Buyers
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 has remain basically unchanged for the last 2 months as we continue to see a slight buyers market.
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 105.
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 290K.
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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The inventory hit over 3000 active listings for the first time this year. The trend is similar. to 2010
Figure 3. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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