THE HALIFAX REAL ESTATE BLOG WEEKLY STATISTICS AND NEWS UPDATE (EVERY THURSDAY)

Halifax (HRM) Residential Market Statistic Update For Week of Nov 8th to Nov 15th 2012
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  303 (352, 298, 348, 402) *372
Sold:  83 (85, 131, 127, 118) *133
Sale to List Ratio: 27% (24%, 44%, 36%, 29%) *36%
Expired/Cancelled/Withdrawn:  105 (144, 307, 105, 141) *129
Active Single Family Home: 2808 (2819, 2810, 2958, 2997) *2763
Average Single Family Home List Price:  $277,458 ($265,361, $289,972, $298,397, $288,976) *270k
Average Single Family Home Selling Price:  $266,671 ($256,162, $283,192, $290,206, $281,020) *261k
Average Days on  Market Single Family Home: 95 (74, 75, 83, 87) *79
Active Condos:  274 (273, 279, 313, 312) *318
Average Condo Listing Price:  $312,250  ($283,830, $229,137, $277,318, $254,121) *275k
Average Condo Selling Price: $300,416 ($275,276, $222,682, $269,990, $249,400) *267k
Average Days on Market Condos:  69 (56, 72, 207, 92) *187
*Halifax/Dartmouth Absorption Rate (weeks):  43 (39.6, 38.3, 41.3, 41.9)

Relatively average performance this week as we edge closer to Christmas time. New listing additions, sales and expired listings all dropped this week to conform to usual market trend for this time of year. With the end of the year approaching the general market attitude remains hopeful and optimistic, with the focus now shifting to real estate strategy for the upcoming new year. The past couple of weeks have seen a flurry of "last minute" activity with not only property listings and purchases but friends in the financial sector report the same anomaly. Just goes to show that no matter how uncertain times are in real estate, there is always people seeking, buying and selling property for the many reasons that fuel the industry. Thanks for stopping by!

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