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How is the Fall River Real Estate market doing in the last 3 months?
Fall River Real Estate Market update for August, September, October 2008 for single family detached and semi-detached homes.
| Halifax Real Estate Blog Fall River Market Update |
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
| OCT-2008 |
364392 |
380067 |
104% |
94 days |
12 |
| SEP-2008 |
294159 |
284697 |
97% |
76 days |
17 |
| AUG-2008 |
345033 |
338189 |
98% |
110 days |
9 |
| Averages: |
328387 |
327483 |
100 % |
90 days |
38 |
Fall River Real Estate Market update for August, September, October 2007 for single family detached and semi-detached homes.
| Halifax Real Estate Blog Fall River Market Update |
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
| OCT-2007 |
378485 |
361808 |
96% |
63 days |
13 |
| SEP-2007 |
335392 |
324842 |
97% |
99 days |
24 |
| AUG-2007 |
328565 |
324080 |
99% |
99 days |
20 |
| Averages: |
342825 |
333005 |
97 % |
91 days |
57 |
Number of Active Listings - 131
The Fall River Real Estate market has slowed down in the past 3 months. This has been a normal trend in a lot of areas of HRM. Number of sales are down 33 percent over last year, a huge decrease. The average price is also down slightly by 1.7%. Right now we are seeing a buyers market although there doesn't seem to be a lot of buyers out there. Inventory is up and sales are down. This has to do with a number of factors. The slowing economy and the steady rise in housing prices.
In the coming months I see the trend remaining the same with not a lot of transactions in the Halifax Real Estate Market. This will continue into next year and hopefully we will start to see a turn around next summer. Surprisingly price continues to rise in most areas of Halifax.
Next week we will have a look at the Sackville Real Estate market. If you are looking to buy or sell Real Estate in Halifax send me an email andrewperkins@exitmetro.ca. I will respond promptly.
Related Posts
- Dartmouth Real Estate Market Update
- Bedford/Hammonds Plains Real Estate Update
Andrew Perkins
Your Halifax Real Estate Expert
