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Expired/Cancelled/Withdrawn: 69 (62, 156, 42, 99) *63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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Jeremiah Wallace, CD
Jeremiah 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..
Photo's by Jeremiah