Halifax (HRM) Residential Market Statistic Update For Week of May 2nd to May 9th 2013
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 606 (683, 573, 616, 490) *632
Sold: 172 (166, 153, 109, 133) *202
Sale To List Ratio: 28% (24%, 26%, 18%, 27%) *32%
Expired/Cancelled/Withdrawn: 97 (125, 91, 83, 104) *69
Total Active Halifax/Dartmouth Inventory: 5,213 (5,084, 4,933, 4,791, 4,594)
Active Single Family Home: 3505 (3423, 3287, 3187, 3037) *2897
Average Single Family Home List Price: $296,250 ($293,869, $319,827, $309,518, $292,520) *293k
Average Single Family Home Selling Price: $288,403 ($286,471, $311,439, $301,840, $287,003) *289k
Average Days On Market Single Family Home: 80 (74, 90, 80, 93) *60
Active Condos: 404 (384, 371, 353, 337) *240
Average Condo Listing Price: $263,420 ($293,533, $288,341, $295,646, $292,810) *256k
Average Condo Selling Price: $258,366 ($285,818, $280,358, $288,946, $280,665) *250k
Average Days On Market Condos: 44 (72, 120, 107, 191) 48
Halifax/Dartmouth Absorption Rate (weeks): 38 (39, 40, 40, 112)
Hold on sellers, there may be hope yet! For the third consecutive week we have seen a balance come over the market and some inventory finally start to move. Some areas of the city are lighting up with renewed activity and certain mid price point homes (300K-450k) are being hunted. Areas of Beaverbank, Sackville, Hammonds Plains and Fall River are really starting to attract attention by home shoppers and more activity is expected this month with the Military Relocation Program starting its posting season. Another product that is being sought after are investments. From house flippers to multi-residential, and even land developers have increased their push to grab a piece of the Halifax pie. Looks like the warm weather did make its impact on things around here, just have to wait to see how long it lasts.
Make sure to stop by later for the Halifax Real Estate Blog monthly market wrap up for April! Thanks for stopping by!
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5/10/2013 03:19:09 am
Thank you for presenting this information every week! I look forward to seeing the monthly charts.
5/13/2013 03:13:14 am
Jeremiah! I need my graph fix, lol, you have me hooked.
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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..
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