Halifax and area (HRM) Weekly Real Estate Market Stats and News Report (Every Thursday)

Weekly Residential Market Statistic Update For Week of Feb 23rd to March 1st 2012

New Listings:  427 (391, 353, 381, 416)
Sold:  166 (153, 160, 138, 117)
Sale to List Ratio: 39% (39%, 45%, 36%, 28%)
Expired/Cancelled/Withdrawn:  140 (42, 66, 67, 155)
Active Single Family Home: 2286 (2278, 2233, 2264, 2236)
Average Single Family Home List Price:  $289,146 ($284,346, $260,193, $282,190, $294,792)
Average Single Family Home Selling Price:  $281,824  ($274,550, $256,079, $277,215, $286,626)
Average Days on  Market Single Family Home: 107 (117, 86, 87, 86)
Active Condos:  259 (249, 250, 251, 255)
Average Condo Listing Price:  $240,412 ($226,300, $264,087, $243,658, $229,126)
Average Condo Selling Price: $236,218 ($213,451, $258,691, $236,829, $223,726)
Average Days on Market Condos:  143 (107, 76, 143, 135)

This week has the highest number of new listing entries this year! The sales to list ratio remains at par with last week showing a strong late winter market push. Lots of new listing entries is a sure sign of the about to bloom spring market however, listings and sales have been solid all year so far and as a matter of fact broke many records in the past few months.

Have a personal question about the Halifax real estate market and how it relates to buying or listing your property?contact me to find out more and get the advantage!


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