New Listings – 272
Number of Active listings – 2925
Absorption Rate – 25 weeks
Type of Market –buyers
The number of new listings were down slightly this week compared to last. The absorption rate remained unchanged at 25 weeks. In these market conditions if a property is priced right it will sell.
If you would like to know the stats for your area of HRM you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012
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The weekly sales last week dropped significantly compared to both 2009 and 2010. The number of sales last week totaled 108.
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 was on par with 2010 and well ahead of 2009. The average price last week was 280K.
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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