Halifax Real Estate Weekly Market Statistics Update (Every Thusday)

Market Statistics for the week of Sept 8th - Sept 15th 2011
Previous weeks  stats  in brackets

New Listings:  362 (419, 425,372)
Sold:    128 (102, 142, 151)
Sale to List Ratio:   35% (24%, 33%, 41%)
Expired/Cancelled/Withdrawn:  154 (130, 269, 89)
Active Single Family Home:   3105 (3117, 3099, 3157)
Average Single Family Home List Price:  $272,990 ($269,956, $265,809, $272,464)
Average Single Family Home Selling Price:   $266,304 ($262,839, $255,650, $265,517)
Average Days on Market - Single Family Home: 90 (92, 73, 81)
Active Condos:   378 (364, 344, 367)
Average Condo Listing Price:  $230,373 ($258,120, $225,176, $257,370)
Average Condo Selling Price:   $224,953 ($250,874, $216,269, $248,360)
Average Days on Market - Condos:   222 (149, 150, 117)

New listings are down this week and solds are slightly up. Inventory continues its slow decline into the autumn, or "sweet spot"  of the market year. Some say time to "cash our chips and pull our listing" around this time of year, others swear by the fall to list their properties. With inventory still selling and Active Listings on the decline, some Sellers take advantage of the gap to "ante up" and gamble on statistical selling.

Whats your thoughts?