HALIFAX (HRM) WEEKLY REAL ESTATE MARKET STATISTICS AND NEWS REPORT. (EVERY THURSDAY)

Halifax (HRM) Residential Market Statistic Update For Week of August 9th to August 16th 2012
(Previous weeks numbers in brackets)

New Listings:  464 (436, 459, 434, 441)
Sold:  139 (120, 126, 162, 209)
Sale to List Ratio: 30% (28%, 28%, 37%, 47%)
Expired/Cancelled/Withdrawn:  110 (105, 206, 70, 191)
Active Single Family Home: 3002 (2981, 2958, 2979, 2931)
Average Single Family Home List Price:  $282,947 ($289,389, $298,974, $277,209, $288,808)
Average Single Family Home Selling Price:  $274,227 ($282,448, $292,142, $271,132, $281,603)
Average Days on  Market Single Family Home: 90 (76, 94, 93, 81)
Active Condos:  263 (265, 260, 260, 259)
Average Condo Listing Price:  $270,952  ($267,268, $240,071, $198,147, $222,643)
Average Condo Selling Price: $265,170 ($259,100, $232,169, $192,370, $216,906)
Average Days on Market Condos:  142 (50, 49, 50, 37)
*Halifax/Dartmouth Absorption Rate (weeks):  35.8 (31.5, 28.1, 27.1, 25.8)

Another "so so" week on the market as the absorption rate climbs another four days, sales remain mediocre and inventory climbs over 3000 for the first week of the year. Another point to note this week is the fact that average condo DOM has almost tripled itself  and accumulated one of the longest times all year long! On a positive note, sales this week did actually improve and was the cause for a two point gain on the sales to list ratio. All in all a fairly typical week on the Halifax real estate market with a slow and healthy ebb and flow of listings and sales. Predictions on the fall market? I'd love to hear what you think about the upcoming season. Thanks for stopping by and be sure to check back frequently to keep up to date on all things Halifax real estate!

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 your real estate transaction and get the most advanced real estate system working for you. Feel free to leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst


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