Halifax Real Estate Market News And Statistics Update (Every Thursday)

Halifax (HRM) Residential Market Statistic Update For Week of May 3rd to May 10th 2012

New Listings:  632 (468, 519, 539, 463)
Sold:  202 (172, 199, 189, 149)
Sale to List Ratio: 32% (37%, 38%, 35%, 32%)
Expired/Cancelled/Withdrawn:  69 (187, 64, 77, 79)
Active Single Family Home: 2897 (2823, 2850, 2796, 2742)
Average Single Family Home List Price:  $293,401 ($294,469, $285,936, $298,168, $294,434)
Average Single Family Home Selling Price:  $289,016  ($288,806, $280,799, $294,101, $291,162)
Average Days on  Market Single Family Home: 60 (67, 81, 75, 85)
Active Condos:  240 (225, 225, 223, 233)
Average Condo Listing Price:  $255,601  ($245,635, $226,141, $273,494, $266,329)
Average Condo Selling Price: $250,116 ($242,470, $222,575, $268,400, $259,655)
Average Days on Market Condos:  144 (48, 133, 97, 152)

WOW.... Thats a lot of new listings this week! Its been a while since we hit over the 600 mark for new inventory additions, including the beginning of the month cycle. Decent about of sales this week but not enough to inject any excitement or buzz over the apparent "coming days" of real estate pandemonium. Like I mentioned in my April monthly wrap up (scroll down), its a market of reluctant optimism. We have seen record breaking stats since the ship building contract was awarded to Nova Scotia but a good majority of people believe that it won't impact Haligonians or the Halifax real estate market as much as they might think. I have seen a strong and healthy market so far this year and expect it to remain so. Whats your thoughts?

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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