Weekly Residential Market Statistic Update For Week of April 5th to April 12th 2012
New Listings: 463 (673, 552, 476, 437) Sold: 149 (166, 155, 166, 169) Sale to List Ratio: 32% (25%, 28%, 35%, 28%) Expired/Cancelled/Withdrawn: 79 (167, 64, 63, 93) Active Single Family Home: 2742 (2670, 2557, 2433, 2368) Average Single Family Home List Price: $294,434 ($288,845, $288,847, $293,979, $302,404) Average Single Family Home Selling Price: $291,162 ($281,360, $280,391, $288,039, $296,761) Average Days on Market Single Family Home: 85 (96, 83, 86, 117) Active Condos: 233 (233, 249, 257, 253) Average Condo Listing Price: $266,329 ($248.003, $264,309, $243,105, $249,592) Average Condo Selling Price: $259,655 ($243,167, $259,090, $238,820, $244,333) Average Days on Market Condos: 152 (102, 120, 94, 63) Looks like the listing blitz continues with the 7th consecutive week of over 400 new listings. Sales made a healthy recovery this week adding a 7% gain on last weeks stats. Inventory climbs closer and closer to the 3000 mark but it still remains lower then the last 8 years. The feature statistic this week is the average list and sale price ratio for single family homes. Coming in just over the $3k mark in difference from the two stats, this has been the smallest reduction spread in years! The usual reduction spread sits anywhere from $7-12k at any given time giving buyers some wiggle room for negotiations. Looks like sellers might be using the strength of the Halifax market to stand their ground on Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? Contact me to advise you on your best plan of action for any of your real estate transaction needs. Feel free to leave a public comment or question below. Contact me if you would like a guest spot or would like to advertise on the Halifax Real Estate Blog. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst Newest blog post HERE Comments are closed.
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Jeremiah Wallace, CDJeremiah 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.. ListingsPhoto's by Jeremiah
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