Halifax/Dartmouth Weekly Real Estate Market News And Stat Report (Every Thursday)

Weekly Residential Market Statistic Update For Week of Jan 26th to Feb 2nd 2012

New Listings:  416 (380, 399 ,401, 375)
Sold:  117 (115, 93, 75, 68)
Sale to List Ratio: 28% (30%, 23%, 19%, 18%)
Expired/Cancelled/Withdrawn:  155 (70, 94, 257, 450)
Active Single Family Home: 2236 (2207, 2170, 2145, 2070)
Average Single Family Home List Price:  $294,792 ($330,294, $269,320, $262,474, $295,225)
Average Single Family Home Selling Price:   $286,626 ($317,534, $263,098, $257,284, $283,133)
Average Days on  Market Single Family Home: 86 (86, 109, 115, 119, 144)
Active Condos:  255 (256, 248, 258, 242)
Average Condo Listing Price:  $229,126 ($201,605, $256,583, $243,900, $247,549)
Average Condo Selling Price: $223,726 ($198,507, $248,749, $232,785, $236,535)
Average Days on Market Condos:  135 (104, 157, 114, 172)

Almost a repeat of last weeks additions and deductions. A big number of inventory additions with no real effect to the overall stat. Sales might seem low when looking at the sales to list ratio when gauging market heath however, its not so normal for this time of year. The other stat that has been abnormal and surprising in the last few weeks has been the days on market. These numbers have been lower in last few weeks than last year during peak times. Things are getting interesting in the market so stay tuned for the latest updates and news. Did you catch the monthly wrap up? scroll down to find out more...

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