Home
 
Choose Your City
Change City

Housing sales rebound

After a downer 2009, Nova Scotia Association of Realtors statisticsseem to indicate housing sales are jumping back to pre-global recessionlevels.

After a downer 2009, Nova Scotia Association of Realtors statistics seem to indicate housing sales are jumping back to pre-global recession levels.

Despite a slight decrease in listings, sales through the Multiple Listing Service (MLS) were up 23 per cent from January to March this year over the first quarter of 2009. South Shore saw a 31.8 per cent sales hikes to lead the province, followed closely by Halifax-Dartmouth and the Annapolis Valley at 29.7 per cent each.

A total of 1,291 homes were sold in Halifax-Dartmouth in the first three months of this year, up from 995 in the same period from 2009.

Overall, 2,051 homes were sold across the province from January to March compared to 1,665 last year.

While the jump seems significant, NSAR president Karen Edwards said the market is returning to normal after a dip last year.

“It’s almost on par with a healthy market from 2008,” she said.

“These figures show the market is strong and making a full rebound, and much more quickly than we actually predicted.”

Within HRM the areas that saw the most sales activity included Spryfield, Dartmouth, Beaver Bank and Upper Sackville. Edwards couldn’t speculate as to why those areas were seeing more homes bought.

 
 
Consider AlsoFurther Articles