Halifax/Darmouth Weekly Real Estate Market News And Stats Report (Every Thursday)

Weekly Residential Market Statistic Update For Week of Jan 12thth to Jan 19thth 2012

New Listings:  399 (401, 375, 83, 263)
Sold:  93 (75, 68, 30, 124)
Sale to List Ratio: 23% (19%, 18%, 36%, 47%)
Expired/Cancelled/Withdrawn:  94 (257, 450, 86, 146)
Active Single Family Home: 2170 (2145, 2070, 2186, 2326)
Average Single Family Home List Price:  $269,320 ($262,474, $295,225, $264,000, $269,278)
Average Single Family Home Selling Price:   $263,098 ($257,284, $283,133, $256,488, $262,120)
Average Days on  Market Single Family Home: 109 (115, 119, 144, 96)
Active Condos:  248 (258, 242, 250, 263)
Average Condo Listing Price:  $256,583 ($243,900, $247,549, $184,600, $251,280)
Average Condo Selling Price: $248,749 ($232,785, $236,535, $174,333, $240,943)
Average Days on Market Condos:  157  (114, 172, 78, 149)

Kind of an average week on the market. New listing additions are still in abundance and the sold property edge up a little increasing the sales to list ratio a few points. The inventory increased again this week but the amout was small compaired to the number of new additions. An early jump on the market seems to be the game plan for some folks meanwhile others choose to patiently wait out the market activity and project their listing/purchase later in the season.

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