Halifax (HRM) Residential Market Statistic Update For Week of April 4th to April 11th 2013
(Previous weeks numbers in brackets) *Last year this week New Listings: 616 (490, 446, 484, 495) *463 Sold: 109 (133, 144, 99, 98) *149 Sale To List Ratio: 18% (27%, 32%, 20%, 20%) *32% Expired/Cancelled/Withdrawn: 104 (165, 43, 69, 62) *79 *Total Active Halifax/Dartmouth Inventory: 4,791 (4,594, 4,542, 4,453, 4,326) Active Single Family Home: 3187 (3037, 2992, 2922, 2832) *2742 Average Single Family Home List Price: $292,520 ($279,147, $288,111, $321,604, $282,934) *294k Average Single Family Home Selling Price: $287,003 ($274,793, $281,138, $313,968, $273,961) *291k Average Days On Market Single Family Home: 93 (92, 82, 113, 117) *85 Active Condos: 353 (337, 336, 332, 319) *233 Average Condo Listing Price: $292,810 ($273,775, $261,911, $375,044, $241,071) *266k Average Condo Selling Price: $280,665 ($265,452, $253,700, $358,722, $241,714) *260k Average Days On Market Condos: 191 (70, 71, 67, 98) *152 Halifax/Dartmouth Absorption Rate (weeks): 112 (42, 46, 49, 50) Looks like the hits keep on coming! Huge amount of new listings this week and with not a whole lot of sales happening the inventory numbers are climbing at an accelerated rate. The rest of the stats remain relatively normal. Condo and single family home values remain strong, days on market are average and the pile (expired, cancelled, withdrawn listings) are in usual parameter. We did have some "out of the ordinary" activity this week again with the sales dip. Another poor sales week vs big inventory addition equals a very low sales to list ratio, an absorption rate that not only doubled itself from last week, but the highest I have reported that stat since I began recording it last year. Hopefully the nice weather will start bringing buyers out of hiding, and with posting season around the corner we should see positive traffic increase. Thanks for stopping by! Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition! 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 :) Newest blog post HERE
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Jeremiah Wallace, CDJeremiah 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.. ListingsPhoto's by Jeremiah
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