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Stumbling economy doesn't hobble home prices

A struggling economy isn't doing much to slow down the price of homes in our region.

A struggling economy isn't doing much to slow down the price of homes in our region.

The Nova Scotia Association of Realtors announced yesterday the average price for MLS home sales from June to August have increased by 4.2 per cent in Halifax and Dartmouth from the same period last year, to an average price of $236,507.

The group also said 2,072 MLS homes were sold in this time frame, an increase of .8 per cent from last year. The total value of sales was also up $490 million from the same three months in 2008.

Provincially, the average price of home sales from June to August is up 5.7 per cent to $197,007, but the amount of homes sold is down 3.5 per cent to 3,436. The dollar value of homes sales from June to August of this year to last totalled $676.9 million, which is up two per cent.

 
 
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