market update

The average sale price of a home in HRM increased to
$268,852 last year from $259,235
in 2011 as prices increased in all
submarkets. Sackville reported the
largest increase in prices at 6.7
per cent to $219,092. In Halifax City,
a similar increase of 6.5 per cent
to $323,111 was recorded. In
Dartmouth City, prices rose 6.3
per cent to $243,141 while prices in
Bedford – Hammonds Plains posted a
more modest increase of 1.7 per cent
to $351,618 in 2012.

The average time it takes to sell a
home in the HRM declined to 87 days
in 2012 from 95 days in 2011. The
average number of days on market
was shortest in Sackville at 74 days
and longest in Bedford – Hammonds
Plains at 112 days.

The number of active listings in the
HRM stood at 2,765 in December
compared to 2,530 in 2011. The
increase in active listings was
largely attributed to increases in
Bedford – Hammonds Plains and
Sackville of 21 and 20 per cent,