Weekly Residential Market Statistic Update For Week of Jan 19th to Jan 26th 2012
New Listings: 380 (399 ,401, 375, 83)
Sold: 115 (93, 75, 68, 30)
Sale to List Ratio: 30% (23%, 19%, 18%, 36%)
Expired/Cancelled/Withdrawn: 70 (94, 257, 450, 86
Active Single Family Home: 2207 (2170, 2145, 2070, 2186)
Average Single Family Home List Price: $330,294 ($269,320, $262,474, $295,225, $264,000)
Average Single Family Home Selling Price: $317,534 ($263,098, $257,284, $283,133, $256,488)
Average Days on Market Single Family Home: 86 (109, 115, 119, 144)
Active Condos: 256 (248, 258, 242, 250)
Average Condo Listing Price: $201,605 ($256,583, $243,900, $247,549, $184,763)
Average Condo Selling Price: $198,507 ($248,749, $232,785, $236,535, $174,333)
Average Days on Market Condos: 104 (157, 114, 172, 78)
A good number of new inventory was added the the market this week making this the fourth week in a row averaging around the 400 mark...impressive. The sale to list ratio makes a slow recovery from the holiday slump with the thanks to the better than average sales this week. Average list/sold made a staggering increase this week with a 50k jump over last week (High price homes are selling). Days on market also have a seasonally low showing this week showing good signs of a strong late winter market.
Make sure to check back on the first for the monthly Halifax and area market review and every Thursday for the new real estate market report. Stay up to date with all things Halifax real estate by following me on Twitter and checking out my Facebook pages.
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah