Halifax/Dartmouth Residential Real Estate Market Stats Update (Every Thursday)

For the week of November 10th to November 17th 2011
Previous weeks  stats  in brackets

New Listings:  303 (372, 410, 376, 397)
Sold:  129 (133, 158, 111, 126)
Sale to List Ratio:   43% (36%, 39%, 30%, 32%)
Expired/Cancelled/Withdrawn:  107 (129, 321, 123, 149)
Active Single Family Home: 2720 (2763, 2785, 2961, 2986)
Average Single Family Home List Price:  $268,118($270,444, $273,360, $259,354, $285,399)
Average Single Family Home Selling Price:   $260,602($261,455, $262,920, $252,129, $275,291)
Average Days on  Market - Single Family Home: 102 (79, 79, 99, 100)
Active Condos:  306 (318, 332, 329, 339)
Average Condo Listing Price:  $252,217($275,147, $248,372, $211,275, $194,254)
Average Condo Selling Price: $241,894($267,630, $240,996, $204,673, $189,523)
Average Days on Market - Condos:  172 (187, 96, 167, 56, 138)

With no signs of slowing, the end of year market activity remains quite active. A lower amount of new listings and a steady flow of sales this week brought the sales to list ratio higher than its been in a while. Housing inventory continues to dwindle as we approach December however, there is still many active buyers in the area looking for the home/investment that suits them. Small window of a "Sellers Market" or natural market progression? Sometimes the best time to sell is the most inconvenient time to sell!

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