2009-05-22 12:08:22
No housing market crash in this part of the country. Average house prices on the south shore are at a record high according to the Nova Scotia Association of Realtors. In April the average residential price was just under 207-thousand dollars - a five-point-four percent increase over last year. The national average was down 3-point-2 percent. Residential properties on the south shore went up by 11 percent, second only to the Valley Region where prices were 15 percent higher. The Association says the number and value of sales were down in April compared to last year and new listings were also down for the fourth consecutive year-over-year. President of the Nova Scotia Association of Realtors says the bridge between buyer demand and housing supply is continuing to narrow. Linda Smardon says that helps maintain stability in housing prices. The average house price in the South Shore Region is $173,853.
