Halifax (HRM) Weekly Real Estate Market News Report And Statistics (Every Thursday)

Weekly Residential Market Statistic Update For Week of Feb 9th to Feb 16th 2012

New Listings:  353 (381, 416, 380, 399)
Sold:  160 (138, 117, 115, 93)
Sale to List Ratio: 45% (36%, 28%, 30%, 23%)
Expired/Cancelled/Withdrawn:  66 (67, 155, 70, 94)
Active Single Family Home: 2233 (2264, 2236, 2207, 2170)
Average Single Family Home List Price:  $260,193 ($282,190, $294,792, $330,294, $269,320)
Average Single Family Home Selling Price:  $256,079  ($277,215, $286,626, $317,534, $263,098)
Average Days on  Market Single Family Home: 86 (87, 86, 109, 115)
Active Condos:  250 (251, 255, 256, 248)
Average Condo Listing Price:  $264.087 ($243,658, $229,126, $201,605, $256,583)
Average Condo Selling Price: $258,691 ($236,829, $223,726, $198,507, $248,749)
Average Days on Market Condos:  76 (143, 135, 104, 157)

Looks like the warm weather has brought out even more activity in the late winter market. Numbers are progressively getting better and client interest getting more frequent as the Halifax real estate market heats up. The sales to list ratio jumped 9 points this week due to the higher than usual volume of sales. The inventory did something very strange for this time of year...REDUCED! Not a typical event for the time of season and if this trend keeps up, the market will quickly shift to a sellers market. With interest rates going up at the end of the month, market values on the rise, its no wonder people are pulling the trigger on their property transaction.

Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? Contact me to advise you on your best plan of action for any of your real estate transaction needs. Feel free to leave a public comment or question below. Contact me if you would like a guest spot on the Halifax Real Estate Blog. Follow me on Twitter to keep up to the minute with all things Halifax real estate. @HalifaxRealEst

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