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

Halifax (HRM) Residential Market Statistic Update For Week of March 14th To March 21st 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  484 (495, 491, 389, 334) *476
Sold:  99 (98, 89, 104, 87) *166
Sale To List Ratio: 20% (20%, 18%, 27%, 26%) *35%
Expired/Cancelled/Withdrawn:  69  (62, 156, 42, 99) *63
*Total Active Halifax/Dartmouth Inventory:  4,453 (4,326, 4,163, 4,045, 3,951)
Active Single Family Home: 2922 (2832, 2735, 2576, 2519) *2433
Average Single Family Home List Price:  $321,604 ($282,934, $306,619, $276,882, $306,974) *294k
Average Single Family Home Selling Price:  $313,968 ($273,961, $300,136, $270,864, $295,689) *288k
Average Days On  Market Single Family Home: 113 (117, 98, 110, 75) *86
Active Condos:  332  (319, 313, 312, 310) *257
Average Condo Listing Price:  $375,044 ($241,071, $209,628, $216,223, $273,928) *243k
Average Condo Selling Price:  $358,722 ($241,714, $203,210, $208,300, $266,042) *239k
Average Days On Market Condos:  67  (98, 89, 62, 40) *94
*Halifax/Dartmouth Absorption Rate (weeks):  49 (50, 48, 47, 49)

Spring is here! Would somebody tell that to mother nature! Despite the frigid temperatures and nasty weather, the market remained relativity the same as last week. Almost at the 500 mark, inventory continues its rise towards the peak inflation months and has seen an overall difference of almost 500 more listings then last year. Values are up, way up in both single family homes and condominiums this week. Sales remain unchanged from last week and we have yet to enjoy the sales stats that we witnessed last year. A pretty far distance to catch up to the early spring market from last year but we are doing it one week at a time. Whats your thought? 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 :)


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