The latest data released by the Nova Scotia Association of REALTORS Multiple Listing Service (MLS) System confirmed that activity in Nova Scotia’s housing market scaled back in 2013 as compared to 2012.
The average sale price dropped by 1.5 per cent after sales decreased by 13.9 per cent for the year.
More sellers entered the market in 2013, and listings grew by 1.9 per cent. For most regions, the average sale price remained steady, overall, keeping Nova Scotia’s average sale price well below national levels at $214,842.
The Yarmouth region had the largest decrease in prices, while Halifax-Dartmouth Region had the largest decrease in sales.