Nova Scotia Housing Market Good News for Buyers?

Nova Scotia Housing Market Snap Shot 2nd Quarter Reports Good News for Buyers?

According to the Nova Scotia Association of Realtors® press release July 21, 2011. Statics show the housing inventory of single family dwellings is up across the province 7.8 percent . This report compares sales April-June 2010 to April-June 2011. The data was collected by the provincial Multiple Listing Service®  MLS® on properties listed on MLS® in Nova Scotia.

The results vary from region to region across the province for example the Highland Region had a increase of inventory of 30.7% in contrast Annapolis County had only a change of 2.3% Halifax-Dartmouth had a modest change of 5.2% and Cape Breton is up 18.3%.

On the surface the increases may seem in favor of buyers but as there are many variables that effect these numbers. For example new construction, employment  and demand in a neighborhood or region.

Market sales were also recorded during the same reporting period. Starting with Highland region sales have been recorded as being -14.5%, Annapolis region up 5.6%, Halifax-Dartmouth -4.0% and Cape Breton region -3.0%.

For more details and regions you can contact me, speak to a Realtor ® or read the complete story at AllNovaScotia.com

Remember market conditions vary from town to town, region to region and neighborhood to neighborhood. It's my opinion you should always speak to a Realtor® for the most accurate and up to date market data before buying or selling.