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

Halifax (HRM) Residential Market Statistic Update For Week of Jan 10th to Jan 17th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  394  (331, 206, 85, 201) *399
Sold:  78 (58, 49, 42, 89) *93
Sale to List Ratio: 20% (18%, 24%, 49%, 44%) *23%
Expired/Cancelled/Withdrawn:  136 (82, 453, 87, 152) *94
*Total Active Halifax/Dartmouth Inventory: 3697
Active Single Family Home: 2402 (2342, 2264, 2472, 2515) *2170
Average Single Family Home List Price:  $291,321 ($270,099, $312,035, $280,515, $325,183) *269k
Average Single Family Home Selling Price:  $279,929 ($264,910, $302,069, $273,624, $310,464) *263k
Average Days on  Market Single Family Home: 133 (100, 89, 131, 120) *109
Active Condos:  261  (239, 241, 247, 251) *248
Average Condo Listing Price:  $331,385  ($367,287, $514,900, $188,140, $193,105) *257k
Average Condo Selling Price:  $322,707 ($356,087, $497,826, $181,550, $187,266) *249k
Average Days on Market Condos:  125 (192, 608, 55, 51) *157
*Halifax/Dartmouth Absorption Rate (weeks):  70.6 (65.4, 59.7, 56.5, 48.3)

Theres a new statistic added to the weekly wrap up, total active Halifax and Dartmouth inventory. It will be a good indicator to track market share in the HRM area. So it looks like the new years blues have worn off as our numbers start returning to normal this week. The sales to list ratio made a two point come back after three weeks of decline and property sales are up for the third week in a row. New inventory additions are up, property values are settling out and days on market are starting to average out as well. Even with most of the numbers returning to normal, the absorption rate gained an additional five weeks making this week the highest this stat has been since being tracked by the blog early last year. Buyer activity has  begun but with this not so wonderful weather we have been experiencing, I wonder if this new year buzz will go into hibernation? Whats your thoughts?

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 property appraisal 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

Halifax Real Estate