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

Halifax (HRM) Residential Market Statistic Update For Week of March 21st To March 28th 2013
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  446 (484, 495, 491, 389) *552
Sold:  144 (99, 98, 89, 104) *155
Sale To List Ratio: 32% (20%, 20%, 18%, 27%) *28%
Expired/Cancelled/Withdrawn:  43  (69, 62, 156, 42) *64
*Total Active Halifax/Dartmouth Inventory:  4,542 (4,453, 4,326, 4,163, 4,045)
Active Single Family Home: 2992 (2922, 2832, 2735, 2576) *2557
Average Single Family Home List Price:  $288,111 ($321,604, $282,934, $306,619, $276,882) *289k
Average Single Family Home Selling Price:  $281,138 ($313,968, $273,961, $300,136, $270,864) *280k
Average Days On  Market Single Family Home: 82 (113, 117, 98, 110) *83
Active Condos:  336  (332, 319, 313, 312) *249
Average Condo Listing Price:  $261,911 ($375,044, $241,071, $209,628, $216,223) *264k
Average Condo Selling Price:  $253,700 ($358,722, $241,714, $203,210, $208,300) *259k
Average Days On Market Condos:  71  (67, 98, 89, 62) *120
*Halifax/Dartmouth Absorption Rate (weeks):  46 (49, 50, 48, 47)

The weather in our fair city has yet to improve but our market has this week. For the first time this year we have come within striking distance to last years sales numbers. Because of our solid sales week, the sales to list ratio made a 12 point recovery, and 3 weeks was shaved off of the absorption rate. Values fell in both condo and single family home prices, and average days on market experienced reduction this week. All is all not a bad start, and I anticipate this momentum to "spring" us forward to a healthy market year! Make sure you come back on the first of April for the monthly statistics wrap up for March. Thanks for stopping by!

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