Thursday, November 19, 2009

Real Estate Market Cools Slightly

The real estate market has cooled a bit along the South Shore.
The Nova Scotia Realtors Association reports sales off by six percent between August and October compared to the same period a year ago.
But the Association reports the average price in our area is up just over two percent and now stands at just under 170-thousand dollars.
The Yarmouth area saw a 50-percent increase in sales between August and October this year compared to 2008 -- but -- the average price there has dropped five percent to just over 115-thousand dollars.