The Halifax Real Estate Blog Weekly
Halifax (HRM) Residential Market Statistic Update For Week of November 14th to November 21st 2013
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 314 (326, 466, 323, 386) *317
Sold: 121 (68, 166, 96, 96) *108
Sale To List Ratio: 39% (21%, 37%, 30%, 25%) *34%
Expired/Cancelled/Withdrawn: 148 (138, 259, 188, 149) *115
Total Active Halifax/Dartmouth Inventory: 4,976 (5.032, 5,029, 5,161, 5,247)
Active Single Family Home: 3,239 (3,298, 3,319, 3,426, 3,478) *2,809
Average Single Family Home List Price: $285,888 ($244,829, $309,696, $288,708, $284,754) *314k
Average Single Family Home Selling Price: $268,293 ($235,710, $,293,573, $279,192, $275,216) *301k
Average Days On Market Single Family Home: 107 (96, 111, 103, 113) *96
Active Condos: 413 (412, 407, 398, 401) *269
Average Condo Listing Price: $235,185 ($236.813, $216,268, $220,585, $241,620) *275k
Average Condo Selling Price: $227,971 ($228,750, $209,428, $213,892, $234,480) *264k
Average Days On Market Condos: 63 (110, 123, 64, 48) *72
Halifax/Dartmouth Absorption Rate (weeks): 48 (51, 48, 55, 55) *41
Although the weather is getting colder in our fair city, it looks like out housing market is staying warm. Nearing the end of November we have seen numbers strengthen over the past few weeks, which is usually not the norm for this time of year. Still lots of last minute shoppers out there, with viewings and inquiries frequenting listed homes. Lots of last minute deals as we close the books on the 2013 market year, and quite a few value priced properties currently for sale that ended up "chasing the ace" this season, and now well below what was originally presented. Still, lots of inventory out there on the market, and it doesn't seem to be flying off the shelves anytime soon whether it be to cancellations, expiries or sales. Let's keep the momentum going shall we? Thanks for stopping by!
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Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone.
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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