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)