Comparing May 2009 to the May 2008
The residential real estate market in Metro Halifax, (areas 1-40) has slowed down some. In May of 2009 there were 511 single family homes that sold on the MLS®, down 104 units from May 2008. The average list price for May 2009 was $274,450. This represents an increase of 3.14% from the average list price of $266,085 at the same time in 2008.The average sale price for a single family home for May 2009 was $267,807 up 2.73% from $260,691 at same time in 2008.Sellers are still getting quite close to list price this year. Buyers paid 98% of list price average, unchanged from May 2008.The average listing duration increased from 75 days in May 2008 to 87 days in May 2009.
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