MLS® sales of existing homes in Nova Scotia are expected to be 9,275 units, a decrease of 14.7% from the 2008 sales of 10,874. However sales are expected to rise in 2010 to 9,500 units, an increase of 2.4%.
Average Nova Scotia MLS® sales prices for 2009 are forecast to be $194,900, up 2.4% from the $189,902 average of 2008. Another 2.4% increase in average sales price to $199,250 is expected in 2010.
For market trends and analysis for Lunenburg and Queens County click here.
Source: CMHC, Housing Market Outlook, Atlantic Region Highlights, Third Quarter 2009