HALIFAX (HRM) REAL ESTATE BLOG STATISTICS WEEKLY WRAP UP. (EVERY THURSDAY)

Halifax (HRM) Residential Market Statistic Update For Week of August 16th to August 23rd 2012
(Previous weeks numbers in brackets)

New Listings:  425 (464, 436, 459, 434)
Sold:  130 (139, 20, 126, 162)
Sale to List Ratio: 31% (30%, 28%, 28%, 37%)
Expired/Cancelled/Withdrawn:  101 (110, 105, 206, 70)
Active Single Family Home: 3013 (3002, 2981, 2958, 2979)
Average Single Family Home List Price:  $307,707 ($282,947, $289,389, $298,974, $277,209)
Average Single Family Home Selling Price:  $299,275 ($274,227, $282,448, $292,142, $271,132)
Average Days on  Market Single Family Home: 96 (90, 76, 94, 93)
Active Condos:  275 (263, 265, 260, 260)
Average Condo Listing Price:  $280,937  ($270,952, $267,268, $240,071, $198,147)
Average Condo Selling Price: $273,296 ($265,170, $259,100, $232,169, $192,370)
Average Days on Market Condos:  126 (142, 50, 49, 50)

*Halifax/Dartmouth Absorption Rate (weeks):  38.3 (35.8, 31.5, 28.1, 27.1)

That absorption rate just seems to keep slowly gaining momentum as we approach the fall market. Rightly so. There has been no indicator or direct association with booming market trend that would tell us that housing here in Halifax is about to inflate the balloon. Home values remain high and general market attitude is now shifting from reluctant positivity to hesitant annoyance as people appear to have shrugged the ship building contract off and its great impact that it hasn't had on the economy yet. That in mind, we are still a ways from ramping up completely and even further from seeing the maximum exploitation of economic impact that this contract will bestow on the city of Halifax. The nay sayers will always fulfil their name sake and stand by while others are out there right now planning their future and exacting their decisions with a calculated science. Its all a matter of perspective. Thanks for stopping by

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