August 2010 Stats

Halifax region continues to have an active market contrary to what we see reported on the national news.  The problem with the national statistics, is just that, it's national. 

Our area continues to see increases in the average price of homes when compared to the same time period last year.  The unit numbers show a slight decline of less than 2% in the number of active listings, but the sales show a slight increase of .39% -

As with any market, there are pockets of the market that are not as active as others, but that happens regardless of how active or inactive the market is. 

Sellers need to price their properties to sell and buyers need to be prepared to act once they find the home they are looking for.  We have seen an increase in multiple offer situations in certain price ranges.

The fall market should be a good one and will, in my prediction, remain a balanced market.

 

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Marg Bowlen

Marg Bowlen

Broker/Owner
CENTURY 21 Trident Realty Ltd.
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