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
Fall River Real Estate Market update for August, September, October 2007 for single family detached and semi-detached homes
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.
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Andrew Perkins
Your Halifax Real Estate Expert
