The Real Estate Market in Nova Scotia
Wondering what is going on in Nova Scotia’s real estate market? If you are making the choice to buy or sell a home, a REALTOR® can help you to understand the current state of the real estate market and to set expectations for your buying or selling experience.
The majority of Nova Scotia saw increased real estate activity this winter, with the south shore and Halifax – Dartmouth regions experiencing the largest increase in sales.
The Nova Scotia Association of REALTORS® reported that the number of residential units sold across the Province through the Multiple Listing System (MLS®) from November to January was up 27.5% compared to the same three months last year.
The average prices in regions across the Province were up with the exception of Yarmouth. In our area, the Annapolis Valley, the average price was $146,429; up 17% compared to Nov. 2008 – Jan. 2009.
It is interesting to note that the highs and lows in the real estate market get the attention, but balance is best for the economy. I can say we are fortunate in the Annapolis Valley to have the balance.
Courtesy of Lynn Hoffmann, REALTOR®
www.lynnhoffmann.ca
Posted by Cathy Doucette
on March 9, 2010