The average and median sales prices of single family homes in Lunenburg County for November are nearly the same as for November 2008. Queens County sales saw an increase in average and median prices for the same periods. However raw sales are down, homes still take about six months to sell and inventory of homes for sale for all of the South Shore is nearly the same as last November. Although inventory remains relatively unchanged from last year, 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.
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The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period December 2008 through December 2009.