February Shows Positive Results - Halifax MLS Sales

Halifax home sales for the month of February closed on a higher note than those of the last five months. While February's unit sales still lagged compared to the same month in 2008 at -21%, they rose significantly compared to the monthly performances of the last few months vs. one year ago. For example January 2009 was off by -42% in Greater Halifax compared to January 2008. February's performance is extremely positive... our real estate colleagues are reporting lots of activity; buyers and new listings are in abundance, strong re-sale prices continue to grow (good news for sellers) compared to last year with the average February home being sold for $219,451 vs. $211,628 last year and there is a healthy inventory of re-sale homes on the market in all price ranges (good news for buyers!). The number of days homes were on the market prior to sale actually were less than the 106 days averaged in 2008, at just 102 days - yet another very positive sign!

Our experience is showing us that serious buyers and sellers are out there and doing business as usual and we expect a healthy number of military transfers this year as well - more buyers and sellers still yet to come!

Well priced homes in Metro are selling quickly. We expect that historically low interest rates (major lenders dropped prime to 2.5% this week) will continue to help qualified buyers buy great homes at affordable prices for the months to come. Have questions? Give us a call! Let's do some business!