Halifax Residential Real Estate Market Update And News Report (Every Thursday)

Weekly Residential Market Statistic Update For Week of Jan 5th to Jan 12th 2012

New Listings:  401 (375, 83, 263, 303)
Sold:  75 (68, 30, 124, 122)
Sale to List Ratio: 19% (18%, 36%, 47%, 40%)
Expired/Cancelled/Withdrawn:  257 (450, 86, 146, 148)
Active Single Family Home: 2145 (2070, 2186, 2326, 2399)
Average Single Family Home List Price:  $262,474 ($295,225, $264,000, $269,278, $245,645)
Average Single Family Home Selling Price:   $257,284 ($283,133, $256,488, $262,120, $240,341)
Average Days on  Market Single Family Home: 115 (119, 144, 96, 89)
Active Condos:  258 (242, 250, 263, 269)
Average Condo Listing Price:  $243,900 ($247,549, $184,600, $251,280, $238,993)
Average Condo Selling Price: $232,785 ($236, 535, $174,333, $240,943, $232,500)
Average Days on Market Condos:  114  (172, 78, 149, 140)

So the New Year Listing blitz continues with a staggering addition to the residential inventory. Being a second week in the month, the high "new listing" stat is quite shocking. With the final confirmation on the ship building contract this week, the news might have pushed some buyers into the early market excitement. Inventory climbs this first time in months, which is normal for this time of year. The abnormal thing would be the amount...

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