The average and median sales prices of single family homes in Lunenburg and Queens counties on the South Shore are up in 2009 compared to 2008. This may surprise many in the real estate market since raw sales are down, homes are taking longer to sell and fewer sellers are listing their properties. Although fewer new listings are coming on the market relative to a year ago, the available inventory of homes is higher due to the drop in sales.
But even in the difficult overall economic environment South Shore homeowners in general are retaining the value in their homes. At the same time buyers have a good inventory from which to choose at attractive mortgage rates.
For a more detailed analysis and to review the current market data behind this summary, click here to download our market reports. Click here to preview properties available on the South Shore.
The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period September 2007 through August 2009.