Second quarter MLS statistics finally released!
Existing home sale declined by 13% in the second quarter of 2009 as compared to the second quarter of 2008. This declining trend has been showing signs of slowing. Prices have stayed steady even through this slowing of number of units sold due to a decline in new listings. The average price of Halifax Real Estate went up 2.2% across all sub markets to $234,783. In the first six months of the year as compared to the first six months of 2008 existing home sales were 17.7% lower year over year.
MLS activity by submarket
The Bedford-Hammonds Plains sub markets seems to have been effected the least of all as sales in this market have only decreased by about 3%. The only areas to see an increase in sales were Hammonds Plains with an increase of 8.1% year olver year and Lawrencetown/Lake Echo with an increase of 7.4%. In the South End of Halifax sales are virtually unchanged. Sackville has recorded the highest price growth year over year with and increase of 12.2% year over year to $197,005 in 2009. Fall River, Beaver Bank, Halifax City Sub-Markets(1-8), Bedford & Hammonds Plains all recorded declines in average price year over year.