The Halifax Real Estate Blog Weekly Market And Statistics Report. (Every Thursday)

Halifax (HRM) Residential Market Statistic Update For Week of Dec 27th to Jan 5th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  206  (85, 201, 274, 306) *375
Sold:  49 (42, 89, 74, 88) *68
Sale to List Ratio: 24% (49%, 44%, 27%, 29%) *18%
Expired/Cancelled/Withdrawn:  453 (87, 152, 126, 307) *450
Active Single Family Home: 2264 (2472, 2515, 2629, 2660) *2070
Average Single Family Home List Price:  $312,035 ($280,515, $325,183, $285,434, $279,346) *295k
Average Single Family Home Selling Price:  $302,069 ($273,624, $310,464, $277,393, $271,248) *283k
Average Days on  Market Single Family Home: 89 (131, 120, 101, 78) *119
Active Condos:  241  (247, 251, 259, 264) *242
Average Condo Listing Price:  $514,900  ($188,140, $193,105, $299,755, $360,825) *248k
Average Condo Selling Price:  $497,826 ($181,550, $187,266, $288,211, $343,383) *237k
Average Days on Market Condos:  608 (55, 51, 149, 50) *172
*Halifax/Dartmouth Absorption Rate (weeks):  59.7 (56.5, 48.3, 47.1, 46.5)

ITS ANOMALY WEEK! The stats are a little out of sorts this week with a few factors contributing. End of the year brought in an extraordinarily large amount of expired listings. Much like the end of the month expire/re-list song and dance that I have talked about in previous posts, but this one is on a much larger scale. Not much detail to go into this week, I mean look at the condo stats, totally warped by the three sold properties this week. Thats almost Vancouver prices! (ya right). So we will take the mulligan this week in hopes that next week returns to normal. Make sure to check out the December monthly statistics wrap up by scrolling down. Thanks for stopping by!

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