RESIDENTIAL SALES EXPECTED TO SLOW IN SECOND HALF 0F 2010

July 19, 2010 – Nova Scotia:  Real estate sales appear to be slowing year-over-year as summer advances in Nova Scotia.  Residential listings sold through the Nova Scotia Association of REALTORS®' Multiple Listing Service® (MLS®) System from April to June 2010 are up 3.2 per cent when compared to the same three months in 2009.  The Nova Scotia Association of REALTORS® (NSAR) also reports a 0.8 per cent decrease in listings.
 
The Canadian Real Estate Association reported that 70 per cent of Canadian markets saw a decrease in sales in June," says Karen Edwards, President of the Nova Scotia Association of REALTORS®.  "While the winter and spring were fairly busy with activity in Nova Scotia, the summer season is expected to cool sales."

SOURCE:  NSAR (NOVA SCOTIA ASSOCIATION OF REALTORS)

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Terry Black

Terry Black

Sales Representative
CENTURY 21 Trident Realty Ltd.
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