First Quarter MLS Statistics for Halifax

by Scott Grace on May 1, 2009

Halifax MLS Statistics

The statistics for the first quarter of MLS sales has finally been released and things are looking good for the average sale price but sales are down. There were 975 MLS sales in the first quarter of 2009 compared to 1324 in 2008. That is a 26.4 percent decline. The only submarket that saw less than a double-digit decline is Halifax County East which only declined by a moderate 1.6%. The largest decline in units sold in the submarkets were Fall River, Beaver Bank and The City of Halifax(MLS areas 1-8). Beaver Bank and Fall River declined by 39% and the City of Halifax declined by 36%.

Halifax MLS Statistics

Halifax MLS Statistics

MLS Sales in Dartmouth

MLS Areas 10-17(Dartmouth area) accounted for most (258) units of the 975 total sales in the region. This still represents a decrease of 26.5% over the first quarter of 2008.

Halifax Average Sales Price goes UP!

Average sale price goes up but at a slower pace than last year due to a 14% increase in the number of active listings at the end of March year over year. The average sale price in the first quarter 2009 was $228,827. In 2008 it was $221,473. An increase of 3.3% year over year.

Decline in number of Sales

Decline in number of Sales

Sackville Real Estate

The only submarkets that saw a decrease in average sale price was Sackville and southwest Halifax County(Areas 25, 9+40) where in Sackville the average price declined by 5.1% to $170,495 from $179,578 in the first quarter in 2008.

Average Days on Market

The average number of days on the market(DOM) rose from 94 in the first quarter of 2008 to 96 in 2009. The lowest number in the average days on market was in Dartmouth with the number being 80 and that is 10 days lower than 2008!

 

Halifax MLS Statistics by submarket

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